https://www.taxtmi.com/caselaws?id=426104 The High Court of Bombay ruled in favor of the petitioners in a case involving a dispute over the demand for interest under Section 28AB and Notification No.47/1996-CUS (NT). The court held that the pre-conditions for demanding interest were not met, emphasizing that Section 28AB could not be applied retrospectively. As the authorities did not follow the required procedures for claiming interest, the court made the rule absolute, disposing of the petition in favor of the petitioners. en-us Thu, 28 Jul 2022 00:00:00 +0530 Mon, 19 Jun 2023 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426104 The High Court of Bombay ruled in favor of the petitioners in a case involving a dispute over the demand for interest under Section 28AB and Notification No.47/1996-CUS (NT). The court held that the pre-conditions for demanding interest were not met, emphasizing that Section 28AB could not be applied retrospectively. As the authorities did not follow the required procedures for claiming interest, the court made the rule absolute, disposing of the petition in favor of the petitioners. Case-Laws Customs Thu, 28 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426104