https://www.taxtmi.com/caselaws?id=235412 The court held in favor of the petitioner, M.D. Textile Industries Limited, in a case concerning the refund of customs duty with interest. The court determined that the respondents were obligated to pay interest for the delay in refunding the customs duty amount. Additionally, the court ruled in favor of the petitioner regarding the classification of imported goods under the Customs Tariff Act, directing the release of the consignment under the heading claimed by the petitioner. The court emphasized that the respondents were liable to pay interest to the petitioner for withholding the refund amount without proper justification, awarding interest at a rate of 12% per annum and costs to the petitioner. en-us Thu, 11 Jul 2013 00:00:00 +0530 Wed, 12 Apr 2017 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235412 The court held in favor of the petitioner, M.D. Textile Industries Limited, in a case concerning the refund of customs duty with interest. The court determined that the respondents were obligated to pay interest for the delay in refunding the customs duty amount. Additionally, the court ruled in favor of the petitioner regarding the classification of imported goods under the Customs Tariff Act, directing the release of the consignment under the heading claimed by the petitioner. The court emphasized that the respondents were liable to pay interest to the petitioner for withholding the refund amount without proper justification, awarding interest at a rate of 12% per annum and costs to the petitioner. Case-Laws Customs Thu, 11 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235412