Interest on delayed excise rebate: higher interest awarded for inordinate twelve-year delay; claimant granted 12% interest on sanctioned rebate.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The text addresses interest liability for long-delayed excise rebate claims, stating that interest accrues from expiry of the statutory three-month period after application and that an abnormal delay justifies payment of interest at a higher commercial rate rather than the standard low statutory rate. It applies the doctrine that wrongful withholding causing unjust enrichment attracts equitable compensation, and concludes that in a case of over twelve years' delay the claimant is entitled to interest at 12% on the sanctioned rebate amount. The consequence is allowance of the appeal with consequential relief awarding higher rate interest on the rebate.....