https://www.taxtmi.com/caselaws?id=358058 Interest on customs duty for clearance of goods from an SEZ to the Domestic Tariff Area is not supported by Section 30 of the Special Economic Zones Act, 2005 or the SEZ Rules, 2006, which govern the rate and manner of duty on removal but do not create a standalone interest liability for the earlier duty-free import into the SEZ. Section 47 of the Customs Act, 1962 permits interest only where assessed duty on a bill of entry is not paid within the prescribed time after assessment. Where duty on SEZ-to-DTA clearance is paid within time after assessment, interest cannot be levied from the date of original import into the SEZ, and any amount collected under protest is refundable. en-us Tue, 27 Mar 2018 00:00:00 +0530 Mon, 24 Feb 2020 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358058 Interest on customs duty for clearance of goods from an SEZ to the Domestic Tariff Area is not supported by Section 30 of the Special Economic Zones Act, 2005 or the SEZ Rules, 2006, which govern the rate and manner of duty on removal but do not create a standalone interest liability for the earlier duty-free import into the SEZ. Section 47 of the Customs Act, 1962 permits interest only where assessed duty on a bill of entry is not paid within the prescribed time after assessment. Where duty on SEZ-to-DTA clearance is paid within time after assessment, interest cannot be levied from the date of original import into the SEZ, and any amount collected under protest is refundable. Case-Laws Customs Tue, 27 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358058