https://www.taxtmi.com/caselaws?id=368876 The Tribunal ruled in favor of the appellant, setting aside the order denying interest on the delayed refund of Extra Duty Deposit (EDD). The appellant had imported coal under provisional assessment, paid customs duty and 1% EDD. Despite initial rejection of the refund claim, the Commissioner (A) found the appellant eligible for refund as per CBEC Circular and relevant case law. The Tribunal emphasized the obligation to pay interest on delayed refunds under the Customs Act, citing legal precedents like Ranbaxy Laboratories Ltd. and JK Cement Works. It held that interest accrues from three months after the refund application until sanction, requiring adherence to defined timelines by revenue authorities. en-us Thu, 20 Sep 2018 00:00:00 +0530 Tue, 16 Oct 2018 09:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368876 The Tribunal ruled in favor of the appellant, setting aside the order denying interest on the delayed refund of Extra Duty Deposit (EDD). The appellant had imported coal under provisional assessment, paid customs duty and 1% EDD. Despite initial rejection of the refund claim, the Commissioner (A) found the appellant eligible for refund as per CBEC Circular and relevant case law. The Tribunal emphasized the obligation to pay interest on delayed refunds under the Customs Act, citing legal precedents like Ranbaxy Laboratories Ltd. and JK Cement Works. It held that interest accrues from three months after the refund application until sanction, requiring adherence to defined timelines by revenue authorities. Case-Laws Customs Thu, 20 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368876