https://www.taxtmi.com/caselaws?id=151082 The HC ruled in favor of the petitioner-company, granting a full refund of customs duty and interest on the delayed refund. The customs authorities initially credited part of the refund to the Consumer Welfare Fund, but this was overturned as the duty burden was not passed to buyers. Interest on the refund amount of Rs. 5,21,099/- was ordered from 31.1.1996 to 30.6.2001, per Section 27A of the Customs Act, with compliance required within two months. Failure to comply would result in the petitioners being entitled to interest on interest. The rule was made absolute with no costs awarded. en-us Tue, 03 Feb 2004 00:00:00 +0530 Thu, 27 Jun 2024 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151082 The HC ruled in favor of the petitioner-company, granting a full refund of customs duty and interest on the delayed refund. The customs authorities initially credited part of the refund to the Consumer Welfare Fund, but this was overturned as the duty burden was not passed to buyers. Interest on the refund amount of Rs. 5,21,099/- was ordered from 31.1.1996 to 30.6.2001, per Section 27A of the Customs Act, with compliance required within two months. Failure to comply would result in the petitioners being entitled to interest on interest. The rule was made absolute with no costs awarded. Case-Laws Customs Tue, 03 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151082