Supreme Court · 2007 INSC 800 · Decided 1 August 2007
M/S. O.N.G.C. LTD. v. COMMNR. of Customs, Mumbai
- Court
- Supreme Court of India
- Citation
- 2007 INSC 800 · [2007] 8 S.C.R. 743
- Case number
- CIVIL APPEAL No. 1882/2004
- Decided
- 1 August 2007
- Bench
- S.B. SINHA, MARKANDEY KATJU (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Interest-Claimed on the amount realised as customs duty which was ultimately refunded to assessee-:-Held: In principle as also in equity, assessee A B is entitled to interest on the amount deposited on application of principle C of restitution-Having regard to the fact that the amount paid by @ 6% per annum-Principle of restitution-Customs duty-Interest on-Equity. Pure Helium India (P) Ltd v. Oil & Natural Gas Commission, (2003) 8 D SCC 593 and Mcdermott International Inc. v. Burn Standard Co. Ltd & Ors., (2006) 6 SCALE 220, relied on. South Eastern Coalfields Ltd v. State of
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