https://www.taxtmi.com/caselaws?id=121789 The Revenue's applications for a stay of operation of an order denying interest on an amount debited in DEPB for import of goods were dismissed. The Commissioner (Appeals) had rejected the claim for interest, citing that the DEPB debit was specifically for Basic Customs Duty and Countervailing Duty, not other duties. As the Revenue failed to establish that the DEPB debit represented customs duty, it could not levy interest on the amount. Therefore, the applications for stay were dismissed as the basis for interest recovery was not substantiated. en-us Wed, 06 Jun 2007 00:00:00 +0530 Mon, 06 Aug 2012 13:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121789 The Revenue's applications for a stay of operation of an order denying interest on an amount debited in DEPB for import of goods were dismissed. The Commissioner (Appeals) had rejected the claim for interest, citing that the DEPB debit was specifically for Basic Customs Duty and Countervailing Duty, not other duties. As the Revenue failed to establish that the DEPB debit represented customs duty, it could not levy interest on the amount. Therefore, the applications for stay were dismissed as the basis for interest recovery was not substantiated. Case-Laws Customs Wed, 06 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121789