https://www.taxtmi.com/caselaws?id=424035 The court ruled in favor of the petitioner, a trader of textiles, in a case involving duty drawback and penalties under the Customs Act. Despite the respondents' objections and delays, the court emphasized the petitioner's entitlement to a refund of Rs.30 Lakhs as directed by CESTAT. The court clarified that interest at a rate of 10% per annum should be paid on the withheld amount from the date of the CESTAT order until payment. The respondents were instructed to comply promptly, highlighting the importance of adhering to judicial orders without unjustified delays. en-us Tue, 14 Jun 2022 00:00:00 +0530 Wed, 21 Jun 2023 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424035 The court ruled in favor of the petitioner, a trader of textiles, in a case involving duty drawback and penalties under the Customs Act. Despite the respondents' objections and delays, the court emphasized the petitioner's entitlement to a refund of Rs.30 Lakhs as directed by CESTAT. The court clarified that interest at a rate of 10% per annum should be paid on the withheld amount from the date of the CESTAT order until payment. The respondents were instructed to comply promptly, highlighting the importance of adhering to judicial orders without unjustified delays. Case-Laws Customs Tue, 14 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424035