https://www.taxtmi.com/caselaws?id=385364 The Appellate Tribunal CESTAT CHENNAI allowed the appeal, overturning the Commissioner (Appeals) order and granting the appellant interest on the delayed refund as per Section 27A of the Customs Act, 1962. The Tribunal found the denial of interest by the lower authority unjustified, emphasizing that the refund should have been sanctioned promptly after the dismissal of the department's stay application. The Member (Judicial) ordered the lower authority to quantify and pay the interest due on the delayed refund immediately, ruling in favor of the appellant. en-us Fri, 02 Aug 2019 00:00:00 +0530 Mon, 16 Mar 2020 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385364 The Appellate Tribunal CESTAT CHENNAI allowed the appeal, overturning the Commissioner (Appeals) order and granting the appellant interest on the delayed refund as per Section 27A of the Customs Act, 1962. The Tribunal found the denial of interest by the lower authority unjustified, emphasizing that the refund should have been sanctioned promptly after the dismissal of the department's stay application. The Member (Judicial) ordered the lower authority to quantify and pay the interest due on the delayed refund immediately, ruling in favor of the appellant. Case-Laws Customs Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385364