https://www.taxtmi.com/caselaws?id=90406 The Tribunal allowed the appeal, setting aside the lower authorities' decision to reject the refund claim for excess interest paid on warehoused goods. It held that the refund claim was not time-barred as the interest on duty is payable only after final assessment, emphasizing that interest paid on provisionally assessed duty is provisional. The Tribunal clarified that warehousing interest is distinct from customs duty and that the provisions regarding refund of interest under Section 61(2) differ from those under Section 27. Consequently, the appellants were granted all consequential benefits under the law. en-us Thu, 17 Jul 1997 00:00:00 +0530 Fri, 07 Oct 2011 12:14:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90406 The Tribunal allowed the appeal, setting aside the lower authorities' decision to reject the refund claim for excess interest paid on warehoused goods. It held that the refund claim was not time-barred as the interest on duty is payable only after final assessment, emphasizing that interest paid on provisionally assessed duty is provisional. The Tribunal clarified that warehousing interest is distinct from customs duty and that the provisions regarding refund of interest under Section 61(2) differ from those under Section 27. Consequently, the appellants were granted all consequential benefits under the law. Case-Laws Customs Thu, 17 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90406