Interest entitled if duty drawback not paid within 3 months from date of filing of claim: Supreme Court

Union of India And Ors. Vs B. T. Patil And Sons Belgaum (Construction) Pvt. Ltd. (Supreme Court of India) Supreme Court held that where duty drawback is not paid within a period of three months from the date of filing of claim, the claimant would be entitled to interest in addition to the amount of drawback. Facts- Respondent is a class-I contractor specializing in the field of civil contract works especially funneling and hydroelectric power projects. Central Government had approved funding of a project called Koyna Hydro Electric Power Project, Maharashtra by the International Bank for ...