https://www.taxtmi.com/caselaws?id=170027 The Appellate Tribunal CESTAT Mumbai ruled in favor of M/s. Mehta Flex Pvt. Ltd., allowing their claim for interest on a delayed refund of a cash security deposit. The Tribunal emphasized the applicability of Section 27A of the Customs Act, 1962, and relevant legal provisions supporting interest payment for delays exceeding three months. It set aside the impugned order, directing the adjudicating authority to grant interest within a specified timeframe. Additionally, the Tribunal addressed the interpretation of C.B.E. & C. Circulars and relevant case laws, affirming the Commissioner (Appeals)' jurisdiction to remand the matter for further consideration. en-us Mon, 04 Aug 2014 00:00:00 +0530 Wed, 13 May 2015 18:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170027 The Appellate Tribunal CESTAT Mumbai ruled in favor of M/s. Mehta Flex Pvt. Ltd., allowing their claim for interest on a delayed refund of a cash security deposit. The Tribunal emphasized the applicability of Section 27A of the Customs Act, 1962, and relevant legal provisions supporting interest payment for delays exceeding three months. It set aside the impugned order, directing the adjudicating authority to grant interest within a specified timeframe. Additionally, the Tribunal addressed the interpretation of C.B.E. & C. Circulars and relevant case laws, affirming the Commissioner (Appeals)' jurisdiction to remand the matter for further consideration. Case-Laws Customs Mon, 04 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170027