https://www.taxtmi.com/caselaws?id=775920 The HC held that Section 28AA of the Customs Act, 1962 applies only where duty is unpaid, short paid, or erroneously refunded, which is not the case here. The petitioner surrendered un-utilized MEIS scrips, and no provision mandates interest on such surrender. The impugned demand for interest was issued without proper application of mind and contrary to the relevant public notice. Consequently, the HC quashed the demand notices for interest and allowed the petition. en-us Fri, 25 Jul 2025 00:00:00 +0530 Sat, 02 Aug 2025 07:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775920 The HC held that Section 28AA of the Customs Act, 1962 applies only where duty is unpaid, short paid, or erroneously refunded, which is not the case here. The petitioner surrendered un-utilized MEIS scrips, and no provision mandates interest on such surrender. The impugned demand for interest was issued without proper application of mind and contrary to the relevant public notice. Consequently, the HC quashed the demand notices for interest and allowed the petition. Case-Laws Customs Fri, 25 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775920