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2019 (7) TMI 1063 - HC - CustomsInterest on delayed refund - Section 27-A of the Customs Act, 1962 - HELD THAT:- The Court is of the view that when the interest prayer is covered by the statutory provision and when the refund is also processed and paid, we need not advert to the facts for avoiding the consumption of time and save it for dealing with other matters, but suffice it to say that the provisions of Section 27-A of the Customs Act, 1962 does provide for interest on delayed payment and even the rate is provided. On the refund which was otherwise admissible from 29.12.2009, appropriate interest deserves to be awarded so as the interest to start running from 1.3.2010 till the date of payment, and we propose to award 6% of interest amount to the petitioner. Such interest amount be paid on or before 30.9.2019. Petition disposed off.
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