https://www.taxtmi.com/caselaws?id=123912 The Appellate Tribunal upheld the decision to reject the appellant's claim for interest on redemption fine and penalty during the appeal, as they do not fall under the purview of duty as specified in Section 27 of the Customs Act. The tribunal emphasized that interest under Section 27 is applicable only to delayed refunds of duty, not redemption fine or penalty. Previous court decisions granting interest on redemption fine were based on equity, not statutory provisions, and authorities are bound by statutory provisions. en-us Mon, 07 Apr 2008 00:00:00 +0530 Fri, 21 Sep 2012 18:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123912 The Appellate Tribunal upheld the decision to reject the appellant's claim for interest on redemption fine and penalty during the appeal, as they do not fall under the purview of duty as specified in Section 27 of the Customs Act. The tribunal emphasized that interest under Section 27 is applicable only to delayed refunds of duty, not redemption fine or penalty. Previous court decisions granting interest on redemption fine were based on equity, not statutory provisions, and authorities are bound by statutory provisions. Case-Laws Customs Mon, 07 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123912