https://www.taxtmi.com/caselaws?id=420114 The HC ruled in favor of the petitioner in a case involving delayed IGST refund on zero-rated exports. While the principal amount of Rs. 7,69,093 was paid during proceedings, the court ordered respondents to calculate and pay statutory interest at 7% within six weeks. The decision relied on precedent from M/s. Amit Cotton Industries vs. Principal Commissioner of Customs, which established the obligation to pay interest on delayed refunds. This judgment reinforces exporters' rights to timely refunds and confirms that interest is mandatory when tax authorities delay processing legitimate refund claims. en-us Wed, 09 Mar 2022 00:00:00 +0530 Tue, 01 Apr 2025 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420114 The HC ruled in favor of the petitioner in a case involving delayed IGST refund on zero-rated exports. While the principal amount of Rs. 7,69,093 was paid during proceedings, the court ordered respondents to calculate and pay statutory interest at 7% within six weeks. The decision relied on precedent from M/s. Amit Cotton Industries vs. Principal Commissioner of Customs, which established the obligation to pay interest on delayed refunds. This judgment reinforces exporters' rights to timely refunds and confirms that interest is mandatory when tax authorities delay processing legitimate refund claims. Case-Laws GST Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420114