https://www.taxtmi.com/caselaws?id=326653 The Court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision directing the refund of interest wrongfully paid by the respondent under Section 130 of the Customs Act, 1962. The Tribunal's allowance of the refund claim, initially rejected by lower authorities, was supported based on the respondent's deferred duty payment for imported goods bonded in a private warehouse. The Court rejected the Revenue's appeal, emphasizing the distinction between duty and interest payable, and interpreting Sections 27 and 61(2) of the Customs Act in favor of the respondent. The civil miscellaneous appeal and MP were dismissed without costs. en-us Mon, 04 Apr 2016 00:00:00 +0530 Sat, 05 Nov 2016 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326653 The Court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision directing the refund of interest wrongfully paid by the respondent under Section 130 of the Customs Act, 1962. The Tribunal's allowance of the refund claim, initially rejected by lower authorities, was supported based on the respondent's deferred duty payment for imported goods bonded in a private warehouse. The Court rejected the Revenue's appeal, emphasizing the distinction between duty and interest payable, and interpreting Sections 27 and 61(2) of the Customs Act in favor of the respondent. The civil miscellaneous appeal and MP were dismissed without costs. Case-Laws Customs Mon, 04 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326653