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2012 (10) TMI 880 - SC - VAT and Sales TaxWrit petition for payment of dues in installments and remission/waiver of interest - Held that:- Amount of Rs.5,169/- crores towards principal amount of the dues be paid by the appellant with interest at the rate of 10% p.a. effective from 17th January, 2012 (the date of the judgment of this Court) in eight equal quarterly installments, the first of such quarterly installment being payable on 2nd January, 2013, and the remaining installments being payable every quarter on the 2nd day of the concerned month (i.e. after expiry of the quarter or three months) and interest of 10% p.a. would be calculated on the reducing balance remaining payable by the appellants to the State Government - appeal is allowed with no order as to costs.
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