https://www.taxtmi.com/caselaws?id=237229 The court upheld the demand for interest by the Deputy Director General of Foreign Trade as legally valid and enforceable under the terms of the bond executed by the petitioner. The court found that the demand for interest was backed by Rule 6(2)(b) of the Foreign Trade (Regulation) Rules, 1993, and clarified that it was a contractual obligation, not governed by the Customs Act. The court dismissed the petition, affirming the legality of the interest demand. en-us Wed, 21 Aug 2013 00:00:00 +0530 Mon, 08 Sep 2014 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237229 The court upheld the demand for interest by the Deputy Director General of Foreign Trade as legally valid and enforceable under the terms of the bond executed by the petitioner. The court found that the demand for interest was backed by Rule 6(2)(b) of the Foreign Trade (Regulation) Rules, 1993, and clarified that it was a contractual obligation, not governed by the Customs Act. The court dismissed the petition, affirming the legality of the interest demand. Case-Laws Customs Wed, 21 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237229