https://www.taxtmi.com/caselaws?id=439680 The Tribunal upheld the Department's decision to demand payment of Customs Duty foregone along with interest post the cancellation of EPCG Licences. The Appellant's plea to waive interest was rejected, and the Tribunal directed the Adjudicating Authority to re-calculate and requantify the interest payable based on the realization date of the Bank Guarantee. The Appellant was instructed to pay the re-quantified interest within 30 days, and the Appeal was disposed of accordingly. en-us Tue, 20 Jun 2023 00:00:00 +0530 Fri, 30 Jun 2023 09:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439680 The Tribunal upheld the Department's decision to demand payment of Customs Duty foregone along with interest post the cancellation of EPCG Licences. The Appellant's plea to waive interest was rejected, and the Tribunal directed the Adjudicating Authority to re-calculate and requantify the interest payable based on the realization date of the Bank Guarantee. The Appellant was instructed to pay the re-quantified interest within 30 days, and the Appeal was disposed of accordingly. Case-Laws Customs Tue, 20 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439680