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<h1>CESTAT Mumbai: No interest on delayed duty payment for ex-bond clearances</h1> The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellants in two appeals concerning ex-bond clearances. The tribunal held that interest under ... Interest for delayed payment of duty The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellants in two appeals involving ex-bond clearances. The tribunal held that interest under Section 47 cannot be charged for delayed payment of duty on goods initially warehoused and later cleared under Section 68. The orders passed by lower authorities were set aside, and the appeals were allowed.
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