https://www.taxtmi.com/caselaws?id=43594 The High Court directed the Customs Authorities to refund the total amount of Rs. 2,08,250/- with interest from 1st November, 1990. The appellant refunded the principal amount but did not pay the interest as directed by the court. The Court held that interest had to be paid as compensation for the loss suffered due to the delay in refunding the security deposit, rejecting the appellant's argument that interest should only run from the date of the refund application. The appeal was dismissed, and the interest was to be paid by a specified date. en-us Mon, 29 Mar 1993 00:00:00 +0530 Sat, 19 Jun 2010 10:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43594 The High Court directed the Customs Authorities to refund the total amount of Rs. 2,08,250/- with interest from 1st November, 1990. The appellant refunded the principal amount but did not pay the interest as directed by the court. The Court held that interest had to be paid as compensation for the loss suffered due to the delay in refunding the security deposit, rejecting the appellant's argument that interest should only run from the date of the refund application. The appeal was dismissed, and the interest was to be paid by a specified date. Case-Laws Central Excise Mon, 29 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43594