https://www.taxtmi.com/caselaws?id=119906 The Appellate Tribunal CESTAT, Bangalore clarified the application of Section 27A of the Customs Act, 1962 in a case involving a delayed refund claim for the period 1986-1989. The Tribunal held that interest on delayed refunds starts accruing from the date of expiry of three months from the enactment of Section 27A, i.e., 26-8-1995, even for refund claims filed earlier. Despite the Commissioner (Appeals) holding otherwise, the Tribunal ruled in favor of the appellants, stating that interest was payable from 26-8-1995 to 20-8-2002, the date of refund. en-us Wed, 05 Jul 2006 00:00:00 +0530 Sat, 14 Jul 2012 10:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119906 The Appellate Tribunal CESTAT, Bangalore clarified the application of Section 27A of the Customs Act, 1962 in a case involving a delayed refund claim for the period 1986-1989. The Tribunal held that interest on delayed refunds starts accruing from the date of expiry of three months from the enactment of Section 27A, i.e., 26-8-1995, even for refund claims filed earlier. Despite the Commissioner (Appeals) holding otherwise, the Tribunal ruled in favor of the appellants, stating that interest was payable from 26-8-1995 to 20-8-2002, the date of refund. Case-Laws Customs Wed, 05 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119906