Interest payable on refund of IGST paid on ocean freight: Orissa HC

Advertisement Paradeep Phosphates Limited Vs Additional Commissioner (Orissa High Court) Orrisa High Court held that the petitioner is entitled to interest on the amount refunded with respect to IGST paid on ocean freight. Accordingly, competent authority is directed to pay simple interest @6% per annum on amount of refund. Facts- The present petition is preferred by the petitioner invoking extraordinary jurisdiction under Article 226 and 227 of the Constitution of India. Non-consideration of claim for interest on the amount [i.e. refund of IGST paid on ocean freight] refunded to the petit...