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Customs - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Interest on delayed payment of Refund – Department is solely ...


Department Liable for Refund Delay; 9% Annual Simple Interest Applied from Due Date to Payment Date.

October 31, 2012

Case Laws     Customs     HC

Interest on delayed payment of Refund – Department is solely responsible for the delayed payment, Interest of justice would be amply met if payment is made of simple interest at 9 per cent, per annum from the date it became payable till the date it is actually paid - HC

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