https://www.taxtmi.com/caselaws?id=438012 The Tribunal allowed the appeal, modifying the impugned order to exclude the demand for interest under Section 47(2) of the Customs Act. The decision was based on the finding that Section 125(2) does not provide for payment of interest, and precedents supported the argument that interest cannot be demanded without a confirmed duty under Section 28. The Commissioner's quantification of duty payable was reduced to 40% of the assessable value, with the Tribunal holding that the demand for interest was not sustainable. en-us Mon, 23 Jan 2023 00:00:00 +0530 Sat, 20 May 2023 08:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438012 The Tribunal allowed the appeal, modifying the impugned order to exclude the demand for interest under Section 47(2) of the Customs Act. The decision was based on the finding that Section 125(2) does not provide for payment of interest, and precedents supported the argument that interest cannot be demanded without a confirmed duty under Section 28. The Commissioner's quantification of duty payable was reduced to 40% of the assessable value, with the Tribunal holding that the demand for interest was not sustainable. Case-Laws Customs Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438012