https://www.taxtmi.com/caselaws?id=434386 The Tribunal held that the demand for interest on duty paid on raw materials warehoused beyond three years was unsustainable due to the Show Cause Notice (SCN) being time-barred under Section 28 of the Customs Act, 1962. The appellant's argument that Circular No. 10/2006 exempted interest on goods imported by 100% Export Oriented Units was rejected. The Tribunal emphasized that Circulars cannot extend statutory limitations. The impugned order was set aside, and the appeal was allowed based on statutory provisions and relevant precedents, ruling in favor of the appellant. en-us Mon, 20 Feb 2023 00:00:00 +0530 Wed, 22 Feb 2023 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434386 The Tribunal held that the demand for interest on duty paid on raw materials warehoused beyond three years was unsustainable due to the Show Cause Notice (SCN) being time-barred under Section 28 of the Customs Act, 1962. The appellant's argument that Circular No. 10/2006 exempted interest on goods imported by 100% Export Oriented Units was rejected. The Tribunal emphasized that Circulars cannot extend statutory limitations. The impugned order was set aside, and the appeal was allowed based on statutory provisions and relevant precedents, ruling in favor of the appellant. Case-Laws Customs Mon, 20 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434386