https://www.taxtmi.com/caselaws?id=46517 The dominant issue was whether interest is payable on refund of a statutory pre-deposit and, if so, at what rate and from which date, including whether unjust enrichment barred relief. The HC held that a pre-deposit, though not a "refund" in the strict sense, is repayable once the appellate order attains finality, and the State cannot retain it without compensatory interest; unjust enrichment was inapplicable because the amount was a deposit made to pursue an appeal, not a duty recovered from customers. In absence of a fixed statutory rate, the HC applied the "usual banking rate" principle and fixed interest at 18% p.a., payable from the date the appellate order became final until realisation, directing payment within one month. en-us Thu, 21 Mar 2002 00:00:00 +0530 Wed, 07 Jan 2026 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46517 The dominant issue was whether interest is payable on refund of a statutory pre-deposit and, if so, at what rate and from which date, including whether unjust enrichment barred relief. The HC held that a pre-deposit, though not a "refund" in the strict sense, is repayable once the appellate order attains finality, and the State cannot retain it without compensatory interest; unjust enrichment was inapplicable because the amount was a deposit made to pursue an appeal, not a duty recovered from customers. In absence of a fixed statutory rate, the HC applied the "usual banking rate" principle and fixed interest at 18% p.a., payable from the date the appellate order became final until realisation, directing payment within one month. Case-Laws Central Excise Thu, 21 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46517