https://www.taxtmi.com/caselaws?id=43302 The court held that the petitioner was liable to pay interest on customs duty from the date specified in the demand notice under Section 59 of the Customs Act, 1962, and not from the expiration of the warehousing period or the amended Section 61(2). Interest was to be calculated based on the customs duty rate prevailing at the time specified in the demand notice. The court directed the respondents to recalculate the interest payable by the petitioner and refund any excess collected. Writ Appeal No. 1275/1991 was allowed for the recalculation of interest, while Writ Appeal No. 2419/1991 was dismissed. en-us Fri, 10 Apr 1992 00:00:00 +0530 Thu, 17 Jun 2010 12:18:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43302 The court held that the petitioner was liable to pay interest on customs duty from the date specified in the demand notice under Section 59 of the Customs Act, 1962, and not from the expiration of the warehousing period or the amended Section 61(2). Interest was to be calculated based on the customs duty rate prevailing at the time specified in the demand notice. The court directed the respondents to recalculate the interest payable by the petitioner and refund any excess collected. Writ Appeal No. 1275/1991 was allowed for the recalculation of interest, while Writ Appeal No. 2419/1991 was dismissed. Case-Laws Customs Fri, 10 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43302