2007 (8) TMI 346

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Central Government. It obtained the services of M/s. SEDCO Forex Int. Drilling Inc. for obtaining requisite information which would assist it in the matter of exploration of oil and gas. The information so gathered was recorded in 3-D Seismic Tapes. On the amount paid therefor, custom duty was sought to be levied. An exemption was claimed by the appellant from payment of custom duty in terms of an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....led for a direction to the respondent to pay interest on the said sum with effect from the dated of recovery till the dated of the appellant. 4.Mr. S. Ganesh, learned Senior Counsel appearing on behalf of the Appellant, would submit that keeping in view the fact that the appellant had to deposit a huge amount during pendency of the Civil Appeals, interest of justice would be met if this Court d....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... on the amount deposited on application of principle of restitution. In the facts and circumstances of this case and particularly having regard to the fact that the amount paid by the appellant has already been refunded, we direct that the amount deposited by the appellant shall carry interest at the rate of 6% per annum. Reference in this connection may be made to Pure Helium India (P) Ltd. v. Oi....