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2009 (1) TMI 229 - PUNJAB & HARYANA HIGH COURTInterest on Delayed Refund - The goods were kept in a warehouse and ex-bond bilk of entry was filed on 10-4-1982. On 15-4-1982, it was found by the appellant that the imported goods were in damaged condition - on 22-4-1982, the appellant deposited customs duty with interest under protest - later Accordingly, a refund of Rs. 3,16,777/- has been allowed instead of Rs. 4,71,120/ - appellant demanded interest on delayed refund - held that - the prayer of the appellant accepted to the extent that simple interest be awarded @ 10% per annum from the date of order i.e. 6-2-1996 to the actual date of refund i.e. 23-11-1998.
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