https://www.taxtmi.com/caselaws?id=237599 The High Court affirmed that the rate of interest for defaults in duty payment under the Customs Act, 1962 is determined by the rate prevailing at the time of default, not subsequent amendments. The judgment emphasized adherence to legal provisions in force at the default occurrence and dismissed the appeal, stating no substantial question of law arises. This decision establishes a precedent for consistent application of interest rate calculations in duty payment default cases, ensuring uniformity and clarity within the legal framework. en-us Tue, 14 Aug 2012 00:00:00 +0530 Mon, 30 Sep 2013 06:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237599 The High Court affirmed that the rate of interest for defaults in duty payment under the Customs Act, 1962 is determined by the rate prevailing at the time of default, not subsequent amendments. The judgment emphasized adherence to legal provisions in force at the default occurrence and dismissed the appeal, stating no substantial question of law arises. This decision establishes a precedent for consistent application of interest rate calculations in duty payment default cases, ensuring uniformity and clarity within the legal framework. Case-Laws Central Excise Tue, 14 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237599