https://www.taxtmi.com/caselaws?id=173876 The court ruled in favor of the petitioner, holding that the impugned order demanding interest was illegal as there was no specific provision in Notification No. 160/1992 or the Customs Act to levy interest for non-compliance with export obligations. The court referenced previous judgments and circulars, concluding that interest could not be demanded without explicit provisions. Consequently, the court allowed the writ petition, setting aside the order demanding interest against the petitioner. en-us Tue, 30 Oct 2012 00:00:00 +0530 Sat, 23 Jul 2016 23:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173876 The court ruled in favor of the petitioner, holding that the impugned order demanding interest was illegal as there was no specific provision in Notification No. 160/1992 or the Customs Act to levy interest for non-compliance with export obligations. The court referenced previous judgments and circulars, concluding that interest could not be demanded without explicit provisions. Consequently, the court allowed the writ petition, setting aside the order demanding interest against the petitioner. Case-Laws Customs Tue, 30 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173876