https://www.taxtmi.com/caselaws?id=107104 Section 27A of the Customs Act was read to require interest on refunds left unpaid beyond three months from the relevant date, including refund claims already pending when the provision came into force. The Tribunal rejected the argument that the section could not apply to pre-existing refund applications and upheld the view that interest accrued from the period after three months from 1-4-1995 at the rate prescribed in Notification No. 22/95 dated 29-5-95. The departmental challenge therefore failed and interest remained payable on the pending refund claim. en-us Fri, 01 Nov 2002 00:00:00 +0530 Sat, 17 Mar 2012 16:42:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107104 Section 27A of the Customs Act was read to require interest on refunds left unpaid beyond three months from the relevant date, including refund claims already pending when the provision came into force. The Tribunal rejected the argument that the section could not apply to pre-existing refund applications and upheld the view that interest accrued from the period after three months from 1-4-1995 at the rate prescribed in Notification No. 22/95 dated 29-5-95. The departmental challenge therefore failed and interest remained payable on the pending refund claim. Case-Laws Customs Fri, 01 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107104