Interest payable from date of refund application and not from date of passing of refund order: Bombay HC

Ajay Industrial Corporation Ltd Vs Deputy Commissioner of Customs (Bombay High Court)

Bombay High Court held that interest in terms of Section 27 and 27A of the Customs Act, 1962 is payable from the date of receipt of the application for refund and not from the date of passing of the order of refund.

Facts- The petitioner manufactures various products related to water management. On 4^th August 2014, the petitioner filed a claim for a refund of SAD in the amount of Rs.7,40,458/- under notification No. 102/2007–Cus dated 14 September 2007. The res

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