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2007 (8) TMI 346 - SC - CustomsInterest on refund - Held that:- Appellant is a public sector undertaking. Respondent is the Central Government. in principle as also in equity the appellant is entitled to interest on the amount deposited on application of principle of restitution. In the facts and circumstances of this case and particularly having regard to the fact that the amount paid by the appellant has already been refunded, we direct that the amount deposited by the appellant shall carry interest at the rate of 6% per annum - Following decision of Pure Helium India (P) Ltd. v. Oil & Natural Gas Commission [2003 (10) TMI 384 - SUPREME COURT OF INDIA] and McDermott International Inc. v. Burn Standard Co. Ltd. & Ors. [2006 (5) TMI 442 - SUPREME COURT]
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