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2022 (10) TMI 385 - HC - CustomsSeeking interest on delayed refund of principal amount - HELD THAT:- There is no explanation as to why the verification took three years. - There is also no explanation, as to why even after verification, the principal amount was refunded only six years thereafter i.e., on 12.08.2022. It would be both just and fair, if interest is paid to the petitioner, by the respondents, at the rate of 6% (simple) per annum, from 05.12.2013 i.e., after expiry of three months from the date when the petitioner made a request for reassessment. Thus, the interest will run from 05.12.2013 till 12.08.2022, when the principal amount was refunded - the writ petition is disposed off.
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