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of <h1>Supreme Court: Interest on Delayed Payment in Customs Case</h1> The Supreme Court ordered the petitioner to pay interest on a delayed pre-deposit for a Customs case. The court directed payment within two weeks and ... Delay in pre deposit- There was a delay in making pre-deposit of ₹ 45,00,000/- in the pending matter before the Customs, Excise and Service Tax Appellate Tribunal, Mumbai. Held that- appeal dismissed for non-compliance of pre deposit, as the pre-deposit made after lapse of 16 months from due date and after appeal dismissed by Tribunal. Thus the interest @ 9% of the amount of pre-deposit directed to be paid for the period of delay. CESTAT directed to expeditiously hear and dispose the appeal. The Supreme Court directed the petitioner to pay interest on a delayed pre-deposit of Rs.45,00,000 for a Customs case. The court ordered payment within two weeks and expedited the appeal process. Another amount in dispute was clarified to remain deposited until the appeal is resolved.
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