https://www.taxtmi.com/caselaws?id=107234 Interest under section 27A of the Customs Act was treated as payable on refund claims pending with the department when the Finance Bill, 1995 received assent, even if the applications had been filed earlier. The proviso was read as applying to pending matters, not only to refund claims arising after commencement, and interest was held payable where the refund was not made within three months from the relevant date. The department's appeal failed, and the interest liability from after three months from 1-4-1995 was upheld. en-us Fri, 01 Nov 2002 00:00:00 +0530 Mon, 19 Mar 2012 17:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107234 Interest under section 27A of the Customs Act was treated as payable on refund claims pending with the department when the Finance Bill, 1995 received assent, even if the applications had been filed earlier. The proviso was read as applying to pending matters, not only to refund claims arising after commencement, and interest was held payable where the refund was not made within three months from the relevant date. The department's appeal failed, and the interest liability from after three months from 1-4-1995 was upheld. Case-Laws Customs Fri, 01 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107234