Bombay HC Set Aside Interest Orders as Calculation Not As Per Section 56 of CGST Act

Jindal Drugs Pvt. Ltd. & Ors. Vs Union of India & Ors. (Bombay High Court) The petition was filed under Article 226 of the Constitution challenging orders passed by customs authorities regarding grant of interest on IGST refund. The petitioner sought quashing of orders dated 20.08.2022, 01.09.2022, and corrigendum dated 13.09.2022 to the extent they granted interest at a rate allegedly inconsistent with Section 56 of the CGST Act. The petitioner also sought direction for grant of statutory interest as per law and in compliance with an earlier High Court order dated 02.05.2022. The back...