https://www.taxtmi.com/caselaws?id=48951 Interest is payable on delayed refund of a pre-deposit because mere return of the deposited amount does not compensate the applicant for the delay. The Tribunal applied the settled position that such refunds attract interest and aligned the period and rate with Section 27A of the Customs Act, 1962. Interest was directed to run from the expiry of three months after the refund application until the date of actual payment, in favour of the applicant. en-us Thu, 01 May 2003 00:00:00 +0530 Sat, 07 Aug 2010 13:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48951 Interest is payable on delayed refund of a pre-deposit because mere return of the deposited amount does not compensate the applicant for the delay. The Tribunal applied the settled position that such refunds attract interest and aligned the period and rate with Section 27A of the Customs Act, 1962. Interest was directed to run from the expiry of three months after the refund application until the date of actual payment, in favour of the applicant. Case-Laws Customs Thu, 01 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48951