https://www.taxtmi.com/caselaws?id=423269 The Tribunal overturned the Commissioner (Appeals)' decision to reject the claim of interest on belated refunds, emphasizing the mandatory nature of interest payment under Section 27 A of the Customs Act. The Tribunal held that the appellant was entitled to interest from three months after the refund application until the grant of refund in cash, directing the Adjudicating Authority to disburse the interest within 45 days. The judgment clarified that the Revenue Authority lacks discretionary power in interest matters, ultimately allowing the appeals and ordering the payment of interest on the belated refunds. en-us Wed, 25 May 2022 00:00:00 +0530 Fri, 03 Jun 2022 08:27:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423269 The Tribunal overturned the Commissioner (Appeals)' decision to reject the claim of interest on belated refunds, emphasizing the mandatory nature of interest payment under Section 27 A of the Customs Act. The Tribunal held that the appellant was entitled to interest from three months after the refund application until the grant of refund in cash, directing the Adjudicating Authority to disburse the interest within 45 days. The judgment clarified that the Revenue Authority lacks discretionary power in interest matters, ultimately allowing the appeals and ordering the payment of interest on the belated refunds. Case-Laws Customs Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423269