https://www.taxtmi.com/caselaws?id=431370 Delayed IGST refund interest was addressed in relation to 17 shipping bills, where 16 refunds had already been made and one sanctioned amount had not yet been credited. The delay in correcting shipping-bill data was linked to receipt of Customs Policy Wing recommendations on 24.05.2021 under Circular No. 04/2021-Customs dated 16.02.2021, and interest was treated as accruing after 60 days from that date. Interest at 6% per annum was directed for the 16 refunded shipping bills from 24.05.2021 until remittance, and the same rate was applied to the sanctioned but unpaid amount until actual receipt by the petitioner. en-us Thu, 17 Nov 2022 00:00:00 +0530 Fri, 09 Dec 2022 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431370 Delayed IGST refund interest was addressed in relation to 17 shipping bills, where 16 refunds had already been made and one sanctioned amount had not yet been credited. The delay in correcting shipping-bill data was linked to receipt of Customs Policy Wing recommendations on 24.05.2021 under Circular No. 04/2021-Customs dated 16.02.2021, and interest was treated as accruing after 60 days from that date. Interest at 6% per annum was directed for the 16 refunded shipping bills from 24.05.2021 until remittance, and the same rate was applied to the sanctioned but unpaid amount until actual receipt by the petitioner. Case-Laws Customs Thu, 17 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431370