https://www.taxtmi.com/caselaws?id=771194 The HC upheld the Tribunal's jurisdiction to award compensatory interest on excess customs duty retained by the Department for fourteen years despite delayed finalization of provisional assessment. The Court rejected technical objections, emphasizing substantial justice over procedural technicalities. While affirming the Tribunal's power to impose interest under Section 27A of the Customs Act, 1962, the HC modified the interest rate from 12% to 6% per annum as per Notification No. 75/2003-Customs. The appeal was disposed of with this modification. en-us Fri, 09 May 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771194 The HC upheld the Tribunal's jurisdiction to award compensatory interest on excess customs duty retained by the Department for fourteen years despite delayed finalization of provisional assessment. The Court rejected technical objections, emphasizing substantial justice over procedural technicalities. While affirming the Tribunal's power to impose interest under Section 27A of the Customs Act, 1962, the HC modified the interest rate from 12% to 6% per annum as per Notification No. 75/2003-Customs. The appeal was disposed of with this modification. Case-Laws Customs Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771194