7% statutory Interest payable on delayed GST Refund

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 Industrie...