https://www.taxtmi.com/caselaws?id=764898 Delhi HC dismissed a petition challenging the constitutional validity of Notification No. 18/2015-Cus dated 01.04.2015 regarding interest on CVD and SAD. The court held that petitioners who imported goods under duty exemption subject to export obligations but failed to fulfill conditions were liable to pay interest on delayed duty payments. The Settlement Commission's order imposing interest was valid as petitioners had bound themselves to notification conditions and availed benefits. The court ruled that stipulating interest payment on clearance dates when conditions aren't satisfied is neither arbitrary nor unreasonable, and settlement orders must be accepted entirely. en-us Mon, 13 Jan 2025 00:00:00 +0530 Tue, 21 Jan 2025 09:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764898 Delhi HC dismissed a petition challenging the constitutional validity of Notification No. 18/2015-Cus dated 01.04.2015 regarding interest on CVD and SAD. The court held that petitioners who imported goods under duty exemption subject to export obligations but failed to fulfill conditions were liable to pay interest on delayed duty payments. The Settlement Commission's order imposing interest was valid as petitioners had bound themselves to notification conditions and availed benefits. The court ruled that stipulating interest payment on clearance dates when conditions aren't satisfied is neither arbitrary nor unreasonable, and settlement orders must be accepted entirely. Case-Laws Customs Mon, 13 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764898