https://www.taxtmi.com/caselaws?id=428359 The High Court held in favor of the petitioner, a Government of Karnataka undertaking, in a customs duty refund case. The court ruled that the imported goods were correctly classified under Entry 8503, entitling the petitioner to a refund. The court also determined that interest on delayed refunds under Section 27A of the Customs Act, 1962, was applicable from three months after the refund application date. The High Court directed the refund to include both coils and accessories, emphasizing the importance of a comprehensive assessment and statutory entitlement to interest on delayed refunds. en-us Wed, 14 Sep 2022 00:00:00 +0530 Mon, 19 Jun 2023 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428359 The High Court held in favor of the petitioner, a Government of Karnataka undertaking, in a customs duty refund case. The court ruled that the imported goods were correctly classified under Entry 8503, entitling the petitioner to a refund. The court also determined that interest on delayed refunds under Section 27A of the Customs Act, 1962, was applicable from three months after the refund application date. The High Court directed the refund to include both coils and accessories, emphasizing the importance of a comprehensive assessment and statutory entitlement to interest on delayed refunds. Case-Laws Customs Wed, 14 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428359