https://www.taxtmi.com/caselaws?id=3975 The Tribunal upheld the Commissioner's decision that interest paid on warehousing charges under Section 61 of the Customs Act, 1962 is refundable. Relying on judicial precedents and a CBEC Circular, the Tribunal rejected the Revenue's argument of unjust enrichment, emphasizing the distinction between warehousing interest and Customs duty. The appeal was dismissed, and the Tribunal directed authorities to refund the interest amount, stating the issue was settled law. The Tribunal also denied the Revenue's application to stay the order, proceeding to dispose of the appeal. en-us Fri, 11 Jan 2008 00:00:00 +0530 Wed, 14 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3975 The Tribunal upheld the Commissioner's decision that interest paid on warehousing charges under Section 61 of the Customs Act, 1962 is refundable. Relying on judicial precedents and a CBEC Circular, the Tribunal rejected the Revenue's argument of unjust enrichment, emphasizing the distinction between warehousing interest and Customs duty. The appeal was dismissed, and the Tribunal directed authorities to refund the interest amount, stating the issue was settled law. The Tribunal also denied the Revenue's application to stay the order, proceeding to dispose of the appeal. Case-Laws Customs Fri, 11 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3975