Interest on arrears of confirmed customs demands requires expedited adjudication and strict monitoring to protect revenue. Interest is leviable on delayed payment of confirmed customs demands under newly enacted provisions, with interest running from the day after a three month period following the date of determination of duty in an order confirming duty not levied, short levied, or erroneously refunded. The circular mandates expedited adjudication, maintenance and review of registers of unconfirmed demands, prompt settlement of internal audit objections within three months, and supervisory inspection and standing orders to prevent delays between decision and communication of orders.
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Provisions expressly mentioned in the judgment/order text.
Interest on arrears of confirmed customs demands requires expedited adjudication and strict monitoring to protect revenue.
Interest is leviable on delayed payment of confirmed customs demands under newly enacted provisions, with interest running from the day after a three month period following the date of determination of duty in an order confirming duty not levied, short levied, or erroneously refunded. The circular mandates expedited adjudication, maintenance and review of registers of unconfirmed demands, prompt settlement of internal audit objections within three months, and supervisory inspection and standing orders to prevent delays between decision and communication of orders.
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