https://www.taxtmi.com/caselaws?id=74305 The Tribunal rejected the applicant's claim for interest on the refunded amount, citing the absence of a provision in the Customs Act for such payments. The Tribunal emphasized that the doctrine of equity and fair play cannot override the lack of statutory backing for interest payment. Additionally, the Tribunal declined to exercise its inherent powers to grant interest, highlighting the statutory time-limit constraints under the Customs Act. The request for costs was also denied, with the Tribunal finding no legal basis to award costs due to the limitations imposed by the Customs Act and the lack of grounds for invoking inherent powers. en-us Tue, 17 Jan 1989 00:00:00 +0530 Wed, 08 Jun 2011 10:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74305 The Tribunal rejected the applicant's claim for interest on the refunded amount, citing the absence of a provision in the Customs Act for such payments. The Tribunal emphasized that the doctrine of equity and fair play cannot override the lack of statutory backing for interest payment. Additionally, the Tribunal declined to exercise its inherent powers to grant interest, highlighting the statutory time-limit constraints under the Customs Act. The request for costs was also denied, with the Tribunal finding no legal basis to award costs due to the limitations imposed by the Customs Act and the lack of grounds for invoking inherent powers. Case-Laws Customs Tue, 17 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74305