https://www.taxtmi.com/caselaws?id=77833 The Bombay High Court held that the petitioner was entitled to interest under Section 27A of the Customs Act, 1962 from 11th December, 2004, to 11th November, 2008, for a refund claim. The court emphasized the importance of timely refund disbursement and ruled in favor of the petitioner, ordering the respondents to pay interest at 6% per annum on the refund amount. Failure to comply would result in increased interest at 10% per annum. The court found that the petitioner was not hit by the doctrine of unjust enrichment and awarded costs quantified at Rs.10,000 to the petitioner. en-us Wed, 30 Jun 2010 00:00:00 +0530 Thu, 14 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77833 The Bombay High Court held that the petitioner was entitled to interest under Section 27A of the Customs Act, 1962 from 11th December, 2004, to 11th November, 2008, for a refund claim. The court emphasized the importance of timely refund disbursement and ruled in favor of the petitioner, ordering the respondents to pay interest at 6% per annum on the refund amount. Failure to comply would result in increased interest at 10% per annum. The court found that the petitioner was not hit by the doctrine of unjust enrichment and awarded costs quantified at Rs.10,000 to the petitioner. Case-Laws Customs Wed, 30 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77833