https://www.taxtmi.com/caselaws?id=269692 The Tribunal granted the appellants a refund of redemption fine, penalty, and duty in a customs case from 2001, with the duty refund initially directed to the Consumer Welfare Fund. The Commissioner (Appeals) later ordered the refund of the duty amount, specifying a timeline. Interest was allowed on the duty amount for a specific period but denied on the fine and penalty due to the absence of a legal provision. The Tribunal upheld the decision, emphasizing the lack of legal provisions for interest on fine and penalty refunds. The judgment clarifies the legal framework on refunds and interest payments in customs cases. en-us Fri, 20 Nov 2015 00:00:00 +0530 Wed, 19 Oct 2016 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269692 The Tribunal granted the appellants a refund of redemption fine, penalty, and duty in a customs case from 2001, with the duty refund initially directed to the Consumer Welfare Fund. The Commissioner (Appeals) later ordered the refund of the duty amount, specifying a timeline. Interest was allowed on the duty amount for a specific period but denied on the fine and penalty due to the absence of a legal provision. The Tribunal upheld the decision, emphasizing the lack of legal provisions for interest on fine and penalty refunds. The judgment clarifies the legal framework on refunds and interest payments in customs cases. Case-Laws Customs Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269692