https://www.taxtmi.com/caselaws?id=761769 Bombay HC held that petitioner's factory attachment was valid for non-payment of customs duty and interest. Court ruled that Section 28AA of Customs Act does not require interest demand in original assessment order, as interest accrues automatically upon default in duty payment within specified time. Petitioner's argument that interest demand came 10 years after original order was rejected, since interest demand was raised within three months of duty demand notice. Court confirmed interest liability arises automatically on payment default, not requiring separate demand in assessment order. en-us Thu, 14 Nov 2024 00:00:00 +0530 Sat, 16 Nov 2024 08:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761769 Bombay HC held that petitioner's factory attachment was valid for non-payment of customs duty and interest. Court ruled that Section 28AA of Customs Act does not require interest demand in original assessment order, as interest accrues automatically upon default in duty payment within specified time. Petitioner's argument that interest demand came 10 years after original order was rejected, since interest demand was raised within three months of duty demand notice. Court confirmed interest liability arises automatically on payment default, not requiring separate demand in assessment order. Case-Laws Customs Thu, 14 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761769