https://www.taxtmi.com/caselaws?id=250861 The High Court upheld the Tribunal's decision that the reassessment of duty was conducted under Section 2(2) of the Customs Act, not Section 17(4), as argued by the Department. The Court also ruled that Board Circular No.64/2000-Cus., dated 26.7.2000, was not applicable to the case. Consequently, the demand for interest on reassessed duty was deemed invalid, and the importer was not liable to pay interest. The appeal by the Revenue was dismissed, and the Court ruled in favor of the importer. en-us Thu, 24 Jul 2014 00:00:00 +0530 Tue, 13 Jan 2015 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250861 The High Court upheld the Tribunal's decision that the reassessment of duty was conducted under Section 2(2) of the Customs Act, not Section 17(4), as argued by the Department. The Court also ruled that Board Circular No.64/2000-Cus., dated 26.7.2000, was not applicable to the case. Consequently, the demand for interest on reassessed duty was deemed invalid, and the importer was not liable to pay interest. The appeal by the Revenue was dismissed, and the Court ruled in favor of the importer. Case-Laws Customs Thu, 24 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250861