Department Must Pay Interest on Rs. 10 Lakhs Refund Delay, But Not on Unrequired Bank Guarantees.

Department Must Pay Interest on Rs. 10 Lakhs Refund Delay, But Not on Unrequired Bank Guarantees. https://www.taxtmi.com/highlights?id=36983 The Department must pay interest on the sum of ₹ 10 lakhs deposited by the petitioners to the extent of delay in refunding the same - On the Bank Guarantees, we do not see any case for granting interest since the petitioners were not made to deposit the same with the Department. - HC en-us Sat, 25 Nov 2017 08:06:18 +0530 Sat, 25 Nov 2017 08:06:18 +0530 TaxTMI RSS Generator Department Must Pay Interest on Rs. 10 Lakhs Refund Delay, But Not on Unrequired Bank Guarantees. https://www.taxtmi.com/highlights?id=36983 The Department must pay interest on the sum of ₹ 10 lakhs deposited by the petitioners to the extent of delay in refunding the same - On the Bank Guarantees, we do not see any case for granting interest since the petitioners were not made to deposit the same with the Department. - HC Highlights Customs Sat, 25 Nov 2017 08:06:18 +0530 https://www.taxtmi.com/highlights?id=36983