https://www.taxtmi.com/caselaws?id=123736 The appellate tribunal ruled in favor of the appellants in a customs case concerning the demand of interest for the overstay of warehoused goods. The judgment clarified that the warehousing period applicable is determined by the law in force at the time of deposit of goods in the warehouse, entitling the appellants to a refund of interest paid or relief against the interest demand. The tribunal also allowed refund claims, rejecting the denial based on limitation and affirming that timely claims for refund of interest paid under the Customs Act should be considered. en-us Wed, 23 Jul 2008 00:00:00 +0530 Thu, 18 Jan 2018 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123736 The appellate tribunal ruled in favor of the appellants in a customs case concerning the demand of interest for the overstay of warehoused goods. The judgment clarified that the warehousing period applicable is determined by the law in force at the time of deposit of goods in the warehouse, entitling the appellants to a refund of interest paid or relief against the interest demand. The tribunal also allowed refund claims, rejecting the denial based on limitation and affirming that timely claims for refund of interest paid under the Customs Act should be considered. Case-Laws Customs Wed, 23 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123736