https://www.taxtmi.com/caselaws?id=94730 The Tribunal upheld the Commissioner of Customs (Appeals)' decision to dismiss the appeal regarding the claim for interest on delayed payment under Section 27A of the Customs Act. The appellants' claim for interest on the delayed refund was rejected as they submitted the refund claim after the Tribunal's initial order and there was no provision for interest on delayed refunds in the Customs Act during the relevant period in 1987. The introduction of Section 27A was prospective, and the appellants could not claim interest retroactively. Therefore, the appeal was dismissed due to the lack of legal basis for the interest claim. en-us Fri, 26 May 2000 00:00:00 +0530 Sat, 03 Dec 2011 13:39:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94730 The Tribunal upheld the Commissioner of Customs (Appeals)' decision to dismiss the appeal regarding the claim for interest on delayed payment under Section 27A of the Customs Act. The appellants' claim for interest on the delayed refund was rejected as they submitted the refund claim after the Tribunal's initial order and there was no provision for interest on delayed refunds in the Customs Act during the relevant period in 1987. The introduction of Section 27A was prospective, and the appellants could not claim interest retroactively. Therefore, the appeal was dismissed due to the lack of legal basis for the interest claim. Case-Laws Central Excise Fri, 26 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94730