1989 (4) TMI 194 - HC - Customs

Summary

The Bombay High Court ruled in favor of the Petitioners, directing the Customs authorities to refund Rs. 41,00,000 paid towards redemption fine within one month. The Respondent's request for adjournment was rejected as the matter had been expedited. The court dismissed the argument that the Supreme Court's order should not be treated as a precedent, stating that the facts were identical. If the refund is not made within one month, interest at 12% per annum will apply from April 25, 1989. No costs were awarded.