https://www.taxtmi.com/caselaws?id=332620 The Court set aside the impugned order denying interest on the refund, ruling that the Petitioner was entitled to interest from three months after June 20, 2011, until July 11, 2014, under Section 27A of the Customs Act, 1962. The matter was remanded for interest calculation and payment, stressing the importance of prompt refund processing to prevent revenue loss and litigation. The judgment was to be forwarded to the Ministry of Finance and the Central Board of Excise and Customs for action. en-us Fri, 16 Sep 2016 00:00:00 +0530 Thu, 05 Jan 2017 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332620 The Court set aside the impugned order denying interest on the refund, ruling that the Petitioner was entitled to interest from three months after June 20, 2011, until July 11, 2014, under Section 27A of the Customs Act, 1962. The matter was remanded for interest calculation and payment, stressing the importance of prompt refund processing to prevent revenue loss and litigation. The judgment was to be forwarded to the Ministry of Finance and the Central Board of Excise and Customs for action. Case-Laws Customs Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332620