https://www.taxtmi.com/caselaws?id=123687 The court ruled in favor of the appellants, finding that no duty was applicable on the imported raw materials or exported finished goods. It was determined that the recovery of interest was incorrect as prices remained constant, and the passing on of interest incidence to customers was irrelevant. The Commissioner's order denying the refund of the interest amount under the Advance Licence was set aside, and the court directed the immediate refund of the deposit. en-us Fri, 09 May 2008 00:00:00 +0530 Wed, 19 Sep 2012 12:30:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123687 The court ruled in favor of the appellants, finding that no duty was applicable on the imported raw materials or exported finished goods. It was determined that the recovery of interest was incorrect as prices remained constant, and the passing on of interest incidence to customers was irrelevant. The Commissioner's order denying the refund of the interest amount under the Advance Licence was set aside, and the court directed the immediate refund of the deposit. Case-Laws Customs Fri, 09 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123687