https://www.taxtmi.com/caselaws?id=413138 The court dismissed the writ petition, upholding the Policy Relaxation Committee's decision to reject the review petition and affirming the petitioner's liability to pay interest. The court emphasized that statutory obligations must be fulfilled, and the petitioner's failure to meet export obligations and apply for regularisation under the Handbook of Procedures led to the rejection of their claims. The court held that interest under the Customs Act is mandatory and cannot be waived, emphasizing that the petitioner benefited from the deferred payment of customs duty. en-us Wed, 01 Sep 2021 00:00:00 +0530 Tue, 05 Oct 2021 08:43:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413138 The court dismissed the writ petition, upholding the Policy Relaxation Committee's decision to reject the review petition and affirming the petitioner's liability to pay interest. The court emphasized that statutory obligations must be fulfilled, and the petitioner's failure to meet export obligations and apply for regularisation under the Handbook of Procedures led to the rejection of their claims. The court held that interest under the Customs Act is mandatory and cannot be waived, emphasizing that the petitioner benefited from the deferred payment of customs duty. Case-Laws Customs Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413138