https://www.taxtmi.com/caselaws?id=269790 The case involved issues regarding liability to pay interest on the differential duty of customs and imposition of a penalty for delayed payment. The Tribunal upheld the liability of the respondent to pay interest for the delay in paying the differential duty, as per reassessment under Section 17 of the Customs Act. The imposition of a penalty of Rs. 10,000 under Section 117 of the Customs Act was also supported, emphasizing that the respondents deliberately delayed payment. However, Member (Judicial) disagreed, stating that the interest and penalty imposed were not justified, as the reassessment and demand for differential duty should have been raised under Section 28 of the Act, leading to the rejection of the Revenue's appeal. en-us Tue, 13 Oct 2015 00:00:00 +0530 Tue, 03 May 2016 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269790 The case involved issues regarding liability to pay interest on the differential duty of customs and imposition of a penalty for delayed payment. The Tribunal upheld the liability of the respondent to pay interest for the delay in paying the differential duty, as per reassessment under Section 17 of the Customs Act. The imposition of a penalty of Rs. 10,000 under Section 117 of the Customs Act was also supported, emphasizing that the respondents deliberately delayed payment. However, Member (Judicial) disagreed, stating that the interest and penalty imposed were not justified, as the reassessment and demand for differential duty should have been raised under Section 28 of the Act, leading to the rejection of the Revenue's appeal. Case-Laws Customs Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269790