Court Orders 7.5% Interest on Eight-Year Delay in Duty Drawback Brand Rate Decision; Not Petitioner's Fault.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Seeking interest on belated payment of duty drawback - inordinate delay in determining the brand rate of duty drawback for over a period of 8 years - As the delay is not on account of the petitioner in failing to file any documents required for processing the duty drawback - the respondents to pay interest at 7.5% p.a. from the date of applications filed for fixation of brand rate on 16.09.2000 and 03.11.2000 respectively. - HC....