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CESTAT held that the appellant is eligible for interest on drawback from 12 January 2019, finding the Commissioner (Appeals) erred in rejecting the appeal. The tribunal remanded the matter to the adjudicating authority, directing grant of interest on the refunded amount from 12 January 2019 to 16 January 2024, based on the amendment under Section 149 of the Customs Act, 1962 and recognition that customs officials were aware of the amendment on the specified date. The appeal was accordingly disposed of, with instructions to calculate and disburse the interest as directed.
CESTAT held that the appellant is eligible for interest on drawback from 12 January 2019, finding the Commissioner (Appeals) erred in rejecting the appeal. The tribunal remanded the matter to the adjudicating authority, directing grant of interest on the refunded amount from 12 January 2019 to 16 January 2024, based on the amendment under Section 149 of the Customs Act, 1962 and recognition that customs officials were aware of the amendment on the specified date. The appeal was accordingly disposed of, with instructions to calculate and disburse the interest as directed.
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