https://www.taxtmi.com/caselaws?id=351461 The Court held that the Department must pay interest on the withheld sum of Rs. 10 lakhs but not on the bank guarantees. The Court emphasized the obligation to implement the Tribunal's order promptly, despite the absence of specific provisions in the Customs Act. Citing a previous Supreme Court judgment, the Court directed the Department to pay interest at 8% per annum on the sum from three months after the Tribunal's decision until payment, with a compliance deadline of 31.12.2017. en-us Mon, 13 Nov 2017 00:00:00 +0530 Sat, 28 Apr 2018 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351461 The Court held that the Department must pay interest on the withheld sum of Rs. 10 lakhs but not on the bank guarantees. The Court emphasized the obligation to implement the Tribunal's order promptly, despite the absence of specific provisions in the Customs Act. Citing a previous Supreme Court judgment, the Court directed the Department to pay interest at 8% per annum on the sum from three months after the Tribunal's decision until payment, with a compliance deadline of 31.12.2017. Case-Laws Customs Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351461