TMI Blog2022 (3) TMI 1152X X X X Extracts X X X X X X X X Extracts X X X X ..... ur 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 princ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7; 7,69,093/- paid in regard to the goods exported i.,e., Zero Rated Supplies made vide shipping bills mentioned herein above; (c) to direct the respondent authorities to pay interest @ 12% to the petitioner herein on the amount of refund of IGST mentioned herein above from the date of shipping bills uptill the date on which the amount of refund is paid to the petitioner herein, as the same i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cheque. However, his only grievance now is that the statutory interest for the delayed payment at the rate of 7% has not been paid. 4. 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 vs. Principal Commissioner of Customs, Special Civil Application No.20126 of 2018. In such circumstances, refer ..... X X X X Extracts X X X X X X X X Extracts X X X X
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