Interest on Penalty

[kadam kumar]

Sir,

Please provide me the details of any case laws which deals in the interest on penalty in accordance with the Customs Act,1962 where interest on penalty is not paid to the petitioners in terms of Refund Sanctions under Section 27 and 27(A) of Customs Act,1962.

If there is a case law then please mail me the order/judgement of the same as I am in urgent need of the same for filing the  appeal against the Hon'ble  Bombay High Court Orders.

Thnx a lot.

Kadam Kumar-9867315876.

[email protected]

AI Summary

Interest on penalty under customs law: no statutory basis found and no precedents located to support interest claims.
Query whether interest is payable on penalty amounts under the Customs Act, 1962 in refund proceedings under Sections 27 and 27A; requester sought a CEGAT order said to direct interest on delayed refunds. Respondents observed no provision expressly levying interest on penalty amounts and, after search, could not locate relevant precedents or the cited tribunal order.