https://www.taxtmi.com/caselaws?id=46938 The High Court granted the petitioner entitlement to interest on the refunded customs duty amount, applying equitable principles and legal precedents. Interest was ordered at 12% per annum with yearly rests from the date of the refund claim application until December 1993. Additionally, interest pendente lite at 6% was awarded until payment, with respondents directed to comply within one month. The Court emphasized the established practice of awarding interest when money is wrongfully retained, even before statutory provisions were in place. en-us Thu, 31 Jul 2003 00:00:00 +0530 Mon, 26 Jul 2010 10:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46938 The High Court granted the petitioner entitlement to interest on the refunded customs duty amount, applying equitable principles and legal precedents. Interest was ordered at 12% per annum with yearly rests from the date of the refund claim application until December 1993. Additionally, interest pendente lite at 6% was awarded until payment, with respondents directed to comply within one month. The Court emphasized the established practice of awarding interest when money is wrongfully retained, even before statutory provisions were in place. Case-Laws Customs Thu, 31 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46938