https://www.taxtmi.com/caselaws?id=44985 The court upheld the challenge to the constitutional validity of Notification No. 49/89-Customs, directing the respondents to refund excess customs duty paid by petitioners due to the settlement reducing duty from 30% to 15% ad valorem. The court emphasized the economic impact on the newspaper industry and ordered the refund without requiring an affidavit for 'unjust enrichment'. However, the court denied entitlement to interest on the refund, citing the settlement nature of the matter. Bank guarantees for duty exceeding 15% ad valorem were discharged. The respondents were directed to refund excess customs duty within three months, with no costs to either party. en-us Wed, 28 Oct 1998 00:00:00 +0530 Wed, 02 Jul 2014 21:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44985 The court upheld the challenge to the constitutional validity of Notification No. 49/89-Customs, directing the respondents to refund excess customs duty paid by petitioners due to the settlement reducing duty from 30% to 15% ad valorem. The court emphasized the economic impact on the newspaper industry and ordered the refund without requiring an affidavit for 'unjust enrichment'. However, the court denied entitlement to interest on the refund, citing the settlement nature of the matter. Bank guarantees for duty exceeding 15% ad valorem were discharged. The respondents were directed to refund excess customs duty within three months, with no costs to either party. Case-Laws Customs Wed, 28 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44985