https://www.taxtmi.com/caselaws?id=47058 The Court held the respondent liable to pay simple interest at 12% per annum on the refund amount from the date of the Tribunal's order till the actual payment date. The respondent was directed to pay the interest within four weeks and bear the petitioner's legal costs. The judgment emphasized the importance of timely refund processing, criticized the respondent's negligent behavior, and highlighted the obligation to pay interest for delayed refunds as per legal provisions and circulars, ensuring accountability and promptness in dealing with refund claims under the Customs Act. en-us Fri, 27 Feb 2004 00:00:00 +0530 Mon, 26 Jul 2010 16:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47058 The Court held the respondent liable to pay simple interest at 12% per annum on the refund amount from the date of the Tribunal's order till the actual payment date. The respondent was directed to pay the interest within four weeks and bear the petitioner's legal costs. The judgment emphasized the importance of timely refund processing, criticized the respondent's negligent behavior, and highlighted the obligation to pay interest for delayed refunds as per legal provisions and circulars, ensuring accountability and promptness in dealing with refund claims under the Customs Act. Case-Laws Customs Fri, 27 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47058