https://www.taxtmi.com/caselaws?id=217982 The Customs, Excise and Service Tax Appellate Tribunal ruled in favor of the petitioner, allowing the claim for interest on the delayed refund of the encashed bank guarantee amount. The court held that the petitioner is entitled to interest at 9% per annum for the delayed refund amount, based on legal precedent. The judgment emphasized the difference between customs duty refunds and bank guarantee encashments, affirming the petitioner's right to interest on the refund. en-us Thu, 06 Sep 2012 00:00:00 +0530 Mon, 05 Aug 2013 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217982 The Customs, Excise and Service Tax Appellate Tribunal ruled in favor of the petitioner, allowing the claim for interest on the delayed refund of the encashed bank guarantee amount. The court held that the petitioner is entitled to interest at 9% per annum for the delayed refund amount, based on legal precedent. The judgment emphasized the difference between customs duty refunds and bank guarantee encashments, affirming the petitioner's right to interest on the refund. Case-Laws Customs Thu, 06 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217982