https://www.taxtmi.com/caselaws?id=46886 The High Court disagreed with the Settlement Commission's decision that no interest was chargeable under the Customs Act, 1962, regarding a company's failure to meet export obligations after importing raw materials. Despite finding interest chargeable as per the EXIM Policy, the Court ruled in favor of the company, stating they were not liable to pay interest. The Court set aside the Commission's stance on interest but upheld the order in other aspects, resolving the writ petition without costs. en-us Wed, 10 Sep 2003 00:00:00 +0530 Sat, 24 Jul 2010 14:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46886 The High Court disagreed with the Settlement Commission's decision that no interest was chargeable under the Customs Act, 1962, regarding a company's failure to meet export obligations after importing raw materials. Despite finding interest chargeable as per the EXIM Policy, the Court ruled in favor of the company, stating they were not liable to pay interest. The Court set aside the Commission's stance on interest but upheld the order in other aspects, resolving the writ petition without costs. Case-Laws Customs Wed, 10 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46886