https://www.taxtmi.com/caselaws?id=47767 The Court quashed the Board's rejection of the petitioner's plea for waiver of interest under Section 61(2) of the Customs Act, 1962, emphasizing the need for a reasoned order and consideration of special circumstances. The case was remanded back to the Board for reconsideration within two months, with instructions to provide a reasoned order based on objective consideration of the petitioner's grounds. The Court clarified that its previous orders should not be seen as a precedent and left room for future arguments on the requirement of recording reasons for denying a waiver of interest request. en-us Tue, 14 Feb 2006 00:00:00 +0530 Fri, 30 Jul 2010 17:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47767 The Court quashed the Board's rejection of the petitioner's plea for waiver of interest under Section 61(2) of the Customs Act, 1962, emphasizing the need for a reasoned order and consideration of special circumstances. The case was remanded back to the Board for reconsideration within two months, with instructions to provide a reasoned order based on objective consideration of the petitioner's grounds. The Court clarified that its previous orders should not be seen as a precedent and left room for future arguments on the requirement of recording reasons for denying a waiver of interest request. Case-Laws Customs Tue, 14 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47767