https://www.taxtmi.com/caselaws?id=271946 The CESTAT, Ahmedabad, allowed the appellant corporation's appeal regarding interest on a refund arising from the finalization of provisional assessment of Customs duty. The Tribunal held that interest should be paid if the refund is not processed within three months from the final assessment date, as per Section 18(2)(4) of the Customs Act, 1962. The Tribunal set aside the Commissioner (Appeals)' decision and granted the appellant interest on the refunded amount until the date of refund, citing statutory provisions and legal precedents. en-us Thu, 18 Feb 2016 00:00:00 +0530 Mon, 22 Feb 2016 11:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271946 The CESTAT, Ahmedabad, allowed the appellant corporation's appeal regarding interest on a refund arising from the finalization of provisional assessment of Customs duty. The Tribunal held that interest should be paid if the refund is not processed within three months from the final assessment date, as per Section 18(2)(4) of the Customs Act, 1962. The Tribunal set aside the Commissioner (Appeals)' decision and granted the appellant interest on the refunded amount until the date of refund, citing statutory provisions and legal precedents. Case-Laws Customs Thu, 18 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271946