Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
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CESTAT adjudicated a customs goods auction dispute involving sale proceeds apportionment under Section 150(2) of Customs Act, 1962. The tribunal confirmed the Commissioner (Appeals)'s authority to remand proceedings for verifying freight and warehouse rent charges. The key holdings established that: (1) sale proceeds must prioritize auction costs, (2) freight charges of Rs.74,65,099/- were validly allowable, and (3) the Commissioner possessed legitimate power to remand matters for documentary verification. Consequently, the Revenue's appeal was dismissed, upholding the lower authority's procedural approach and substantive findings regarding goods sale proceeds distribution.
CESTAT adjudicated a customs goods auction dispute involving sale proceeds apportionment under Section 150(2) of Customs Act, 1962. The tribunal confirmed the Commissioner (Appeals)'s authority to remand proceedings for verifying freight and warehouse rent charges. The key holdings established that: (1) sale proceeds must prioritize auction costs, (2) freight charges of Rs.74,65,099/- were validly allowable, and (3) the Commissioner possessed legitimate power to remand matters for documentary verification. Consequently, the Revenue's appeal was dismissed, upholding the lower authority's procedural approach and substantive findings regarding goods sale proceeds distribution.
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