SC allows 15% Interest on Delayed Refund of Deemed-Export Duty Drawback

Union Of India And Ors. Vs B. T. Patil And Sons Belgaum (Construction) Pvt. Ltd. (Supreme Court of India) Introduction: The recent Supreme Court judgment in Union of India and Ors. vs. B.T. Patil and Sons Belgaum (Construction) Pvt. Ltd. addresses the crucial matter of interest on delayed duty drawback refunds. The court upheld the decision of the High Court of Karnataka, affirming the respondent’s entitlement to 15% interest on the delayed refund of deemed export duty drawback. The Hon’ble Supreme Court in the case of Union of India and Ors. v. M/s. B.T. Patil and Sons Belgaum (Constr...