https://www.taxtmi.com/caselaws?id=209191 The revised interest rate notified under Notification No. 75/2003-Cus. did not apply retrospectively to a refund claim for an earlier period. Interest on the sanctioned refund had to be computed period-wise according to the notifications in force during each relevant span. The assessee was entitled to 15% per annum from 1.5.2001 to 10.5.2001, 9% per annum from 11.5.2001 to 11.9.2003, and thereafter at the rate prescribed under Notification No. 75/2003-Cus. en-us Tue, 22 Feb 2011 00:00:00 +0530 Fri, 26 Jul 2013 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209191 The revised interest rate notified under Notification No. 75/2003-Cus. did not apply retrospectively to a refund claim for an earlier period. Interest on the sanctioned refund had to be computed period-wise according to the notifications in force during each relevant span. The assessee was entitled to 15% per annum from 1.5.2001 to 10.5.2001, 9% per annum from 11.5.2001 to 11.9.2003, and thereafter at the rate prescribed under Notification No. 75/2003-Cus. Case-Laws Customs Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209191