https://www.taxtmi.com/caselaws?id=347643 The Tribunal upheld the Commissioner (Appeal)'s decision to grant interest on the delayed refund payment in accordance with Section 27A of the Customs Act, 1962. Despite the Revenue's appeal citing a Delhi High Court decision, the Tribunal ruled that interest liability commences after three months from the refund application receipt. As the refund was issued within the stipulated period, the interest claim by the respondent was deemed valid. The appeal by the Revenue was dismissed, affirming the payment of interest on the delayed refund amount as per the statutory provision. en-us Fri, 01 Sep 2017 00:00:00 +0530 Fri, 08 Sep 2017 06:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347643 The Tribunal upheld the Commissioner (Appeal)'s decision to grant interest on the delayed refund payment in accordance with Section 27A of the Customs Act, 1962. Despite the Revenue's appeal citing a Delhi High Court decision, the Tribunal ruled that interest liability commences after three months from the refund application receipt. As the refund was issued within the stipulated period, the interest claim by the respondent was deemed valid. The appeal by the Revenue was dismissed, affirming the payment of interest on the delayed refund amount as per the statutory provision. Case-Laws Customs Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347643