https://www.taxtmi.com/caselaws?id=42895 The Court ruled in favor of the importer, holding that the demand for payment of interest on the duty amount for warehoused goods, despite duty withdrawal by the Government, was not justified. The judgment emphasized that the liability to pay interest is linked to duty payment, and both must be considered together. The Court highlighted the importance of the duty exemption notification and the provisions of the Customs Act, particularly Sections 12, 15, and 68. The Collector was directed to release the goods without insisting on interest payment on the duty prior to the exemption date, clarifying the legal interplay between duty, interest, and exemptions under the Customs Act, 1962. en-us Thu, 30 Aug 1990 00:00:00 +0530 Mon, 14 Jun 2010 18:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42895 The Court ruled in favor of the importer, holding that the demand for payment of interest on the duty amount for warehoused goods, despite duty withdrawal by the Government, was not justified. The judgment emphasized that the liability to pay interest is linked to duty payment, and both must be considered together. The Court highlighted the importance of the duty exemption notification and the provisions of the Customs Act, particularly Sections 12, 15, and 68. The Collector was directed to release the goods without insisting on interest payment on the duty prior to the exemption date, clarifying the legal interplay between duty, interest, and exemptions under the Customs Act, 1962. Case-Laws Customs Thu, 30 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42895