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Customs - Highlights / Catch Notes

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Seeking interest on delayed refund of principal amount - There ...


High Court Awards 6% Interest on Delayed Refund After Three-Year Verification and Six-Year Delay in Payment Completion.

October 12, 2022

Case Laws     Customs     HC

Seeking interest on delayed refund of principal amount - There is no explanation as to why the verification took three years. - There is also no explanation, as to why even after verification, the principal amount was refunded only six years thereafter i.e., on 12.08.2022. - Interest granted @6% - HC

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