https://www.taxtmi.com/caselaws?id=268423 The court directed the respondent to refund the enforced bank guarantee amount of Rs. 4,07,245/- within one week, as the petitioner had fulfilled its export obligations and was entitled to the refund. However, the court denied the petitioner's claim for interest on the belated refund, citing precedent that interest is not applicable in such cases. The court clarified that the enforcement of a bank guarantee does not constitute payment of duty, thus exempting it from the six-month limitation period under Section 27 of the Customs Act. en-us Wed, 22 Jul 2015 00:00:00 +0530 Fri, 08 Jan 2016 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268423 The court directed the respondent to refund the enforced bank guarantee amount of Rs. 4,07,245/- within one week, as the petitioner had fulfilled its export obligations and was entitled to the refund. However, the court denied the petitioner's claim for interest on the belated refund, citing precedent that interest is not applicable in such cases. The court clarified that the enforcement of a bank guarantee does not constitute payment of duty, thus exempting it from the six-month limitation period under Section 27 of the Customs Act. Case-Laws Customs Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268423