https://www.taxtmi.com/caselaws?id=406734 The tribunal set aside the impugned order and remanded the matter to the adjudicating authority to verify records and charge interest only up to the date of payment as mandated in Section 18(3) of the Customs Act. The appellant-assessee was to be given an opportunity to present their case before the adjudicating authority to calculate the interest liability up to the date of payment, in compliance with the law. The tribunal clarified the correct interpretation of Section 18(3) regarding the charging of interest on amounts payable to the Central Government, emphasizing alignment with legislative intent and principles of natural justice. en-us Fri, 26 Mar 2021 00:00:00 +0530 Thu, 22 Apr 2021 08:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406734 The tribunal set aside the impugned order and remanded the matter to the adjudicating authority to verify records and charge interest only up to the date of payment as mandated in Section 18(3) of the Customs Act. The appellant-assessee was to be given an opportunity to present their case before the adjudicating authority to calculate the interest liability up to the date of payment, in compliance with the law. The tribunal clarified the correct interpretation of Section 18(3) regarding the charging of interest on amounts payable to the Central Government, emphasizing alignment with legislative intent and principles of natural justice. Case-Laws Customs Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406734