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2004 (2) TMI 343 - SC - VAT and Sales TaxRefund the sales tax collected along with interest - Held that:- Taking note of the usual rate of interest which is granted in cases involving refund of money, 12 per cent interest in terms of the High Court's order on the sum of Rs. 50,00,000 paid pursuant to the order dated March 11, 1996 would be appropriate in the absence of any specific rate of interest stipulated by the court itself, as a condition of the order itself. So far as the sum of Rs. 25,00,000 is concerned, on the peculiar circumstances of the case grant of interest at the rate of nine per cent would be appropriate.
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