https://www.taxtmi.com/caselaws?id=765155 CESTAT Kolkata allowed the appeal regarding refund of export duty paid by the appellant on iron ore exports. The tribunal held this was a Section 154 rectification case, not provisional assessment finalization, as the appellant had not opted for provisional assessment. The tribunal ruled that interest at 12% per annum was payable from 11.01.2011 to 05/06.09.2023, applying the Ranbaxy SC judgment. The rectification should have been completed within three months of the 11.10.2010 order directing rectification. The Revenue's 14-year delay in processing the rectification entitled the appellant to interest compensation on the erroneously collected excess export duty. en-us Tue, 07 Jan 2025 00:00:00 +0530 Fri, 24 Jan 2025 11:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765155 CESTAT Kolkata allowed the appeal regarding refund of export duty paid by the appellant on iron ore exports. The tribunal held this was a Section 154 rectification case, not provisional assessment finalization, as the appellant had not opted for provisional assessment. The tribunal ruled that interest at 12% per annum was payable from 11.01.2011 to 05/06.09.2023, applying the Ranbaxy SC judgment. The rectification should have been completed within three months of the 11.10.2010 order directing rectification. The Revenue's 14-year delay in processing the rectification entitled the appellant to interest compensation on the erroneously collected excess export duty. Case-Laws Customs Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765155