M/S. O.N.G.C. Ltd vs Commnr. Of Customs, Mumbai

The Supreme Court held that the appellant, a public sector undertaking, is entitled to interest on the amount deposited as custom duty, applying the principle of restitution. The Court directed the Central Government to pay interest at the rate of 6% per annum on the sum of Rs. 54,72,87,536.00, which was recovered during the pendency of the appeals. The decision referenced previous judgments, including South Eastern Coalfields Ltd. v. State of M.P. and Pure Helium India (P) Ltd. v. Oil & Natural Gas Commission.