https://www.taxtmi.com/caselaws?id=32611 The Tribunal dismissed the appeals regarding the payment of interest on duty debited in DEPB scrips for warehoused goods cleared beyond the permitted period. It held that interest is leviable on DEPB debits under the Customs Act, even for goods cleared under exemptions. The decision emphasized the duty-paid nature of DEPB debits and the obligation to pay interest for extended warehousing periods. This ruling aligns with statutory law and case law interpretations, clarifying the liability for interest on DEPB debits in such circumstances. en-us Mon, 11 Aug 2008 00:00:00 +0530 Mon, 16 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32611 The Tribunal dismissed the appeals regarding the payment of interest on duty debited in DEPB scrips for warehoused goods cleared beyond the permitted period. It held that interest is leviable on DEPB debits under the Customs Act, even for goods cleared under exemptions. The decision emphasized the duty-paid nature of DEPB debits and the obligation to pay interest for extended warehousing periods. This ruling aligns with statutory law and case law interpretations, clarifying the liability for interest on DEPB debits in such circumstances. Case-Laws Customs Mon, 11 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32611