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2007 (11) TMI 318 - HC - CustomsInterest on refund of pre-deposit - Rate of interest - Held that: - the contention of the respondents that the interest payable would be 8% cannot be accepted - The petitioners are entitled to interest at the rate of 12% on the principal amount of pre-deposit as also the interest on the amount deposited in the Court, if the amount was invested.
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