https://www.taxtmi.com/caselaws?id=362481 The appellant successfully obtained a refund of Special Additional Duty (SAD) on imported timber after a High Court order. Subsequently, the appellant sought interest on delayed refunds under section 27A of the Customs Act, which was initially denied. The appellant appealed, arguing that interest is payable for delayed refunds, citing relevant case law. The Bench agreed with the appellant, setting aside the denial and directing the grant of interest in accordance with legal principles and precedents, emphasizing the mandatory nature of interest payment for delayed refunds under the Customs Act. en-us Fri, 22 Jun 2018 00:00:00 +0530 Mon, 23 Jul 2018 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362481 The appellant successfully obtained a refund of Special Additional Duty (SAD) on imported timber after a High Court order. Subsequently, the appellant sought interest on delayed refunds under section 27A of the Customs Act, which was initially denied. The appellant appealed, arguing that interest is payable for delayed refunds, citing relevant case law. The Bench agreed with the appellant, setting aside the denial and directing the grant of interest in accordance with legal principles and precedents, emphasizing the mandatory nature of interest payment for delayed refunds under the Customs Act. Case-Laws Customs Fri, 22 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362481