Case Law Details
SNG Impex Through Proprietor Satya Narayan Gupt Vs Principal Commissioner of Customs (Gujarat High Court)
At the outset, Mr. Choudhary, the learned counsel submitted that during the pendency of the present writ application, the refund of IGST of Rs.7,69,093/- has been sanctioned and paid to the writ applicant by way of a cheque. However, his only grievance now is that the statutory interest for the delayed payment at the rate of 7% has not been paid.
The issue as regards payment of interest is no longer res integra after the judgment of this High Court in the case of M/s. Amit Cotton Industries vs. Principal Commissioner of Customs, Special Civil Application No.20126 of 2018. In such circumstances, referred to above, the respondents are directed to calculate the interest on the principal amount at the rate of 7% and make the necessary payment to the writ applicant within a period of six weeks from today.
The Hon’ble High Court with the above findings disposed of the writ application.
FULL TEXT OF THE JUDGMENT/ORDER OF GUJARAT HIGH COURT
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