https://www.taxtmi.com/caselaws?id=329490 The case involved issues of liability to pay interest on differential duty, imposition of penalty for delayed payment, and interpretation of Customs Act provisions. The Member (Technical) upheld interest payment and penalty, while the Member (Judicial) disagreed, ruling in favor of the respondent. The majority decision favored the Member (Judicial), rejecting the appeal by Revenue. It was held that interest under Section 47(2) was not applicable, and the penalty was unjustified, affirming Section 28's provisions for reassessment and payment of differential duty. en-us Wed, 08 Jun 2016 00:00:00 +0530 Thu, 17 Nov 2016 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329490 The case involved issues of liability to pay interest on differential duty, imposition of penalty for delayed payment, and interpretation of Customs Act provisions. The Member (Technical) upheld interest payment and penalty, while the Member (Judicial) disagreed, ruling in favor of the respondent. The majority decision favored the Member (Judicial), rejecting the appeal by Revenue. It was held that interest under Section 47(2) was not applicable, and the penalty was unjustified, affirming Section 28's provisions for reassessment and payment of differential duty. Case-Laws Customs Wed, 08 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329490