https://www.taxtmi.com/caselaws?id=1294 The Tribunal ruled that interest liability on goods warehoused under the Customs Act commences from the actual physical warehousing date, not the permission date. The appellants successfully demonstrated that the excess interest paid was not passed on to buyers, meeting the requirement to avoid unjust enrichment. The rejection of the Chartered Accountant's Certificate by the Commissioner (Appeals) was overturned by the Tribunal, emphasizing its importance in proving non-transfer of excess interest burden. Additionally, the appellants were granted interest on delayed payment of interest based on relevant legal precedent, securing a favorable outcome in the case. en-us Wed, 19 Jul 2006 00:00:00 +0530 Mon, 14 Apr 2008 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1294 The Tribunal ruled that interest liability on goods warehoused under the Customs Act commences from the actual physical warehousing date, not the permission date. The appellants successfully demonstrated that the excess interest paid was not passed on to buyers, meeting the requirement to avoid unjust enrichment. The rejection of the Chartered Accountant's Certificate by the Commissioner (Appeals) was overturned by the Tribunal, emphasizing its importance in proving non-transfer of excess interest burden. Additionally, the appellants were granted interest on delayed payment of interest based on relevant legal precedent, securing a favorable outcome in the case. Case-Laws Customs Wed, 19 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1294