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2022 (3) TMI 1152 - HC - GSTStatutory interest on refund from the date of shipping bills uptill the date on which the amount of refund is paid to the petitioner herein - seeking to grant an ex-parte ad interim order in favour of the petitioner - HELD THAT:- The issue as regards payment of interest is no longer res integra after the judgment of this High Court in the case of M/S AMIT COTTON INDUSTRIES THROUGH PARTNER, VELJIBHAI VIRJIBHAI RANIPA VERSUS PRINCIPAL COMMISSIONER OF CUSTOMS [2019 (7) TMI 472 - GUJARAT HIGH COURT]. In such circumstances, the respondents are directed to calculate the interest on the principal amount at the rate of 7% and make the necessary payment to the writ applicant within a period of six weeks from today. Application disposed off.
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