https://www.taxtmi.com/caselaws?id=47903 Interest could not be levied on customs duty payable on goods warehoused under Chapter IX of the Customs Act, 1962 where the governing exemption notifications expressly barred such levy. The dispute concerned an imported consignment by a 100% export oriented unit, but the only issue was the department's claim for interest. Reading the notifications of 09-02-1981 and 01-11-1995 together, the Court held that no interest demand was permissible on the warehoused goods. The Tribunal's acceptance of the assessee's case disclosed no legal error, so the Revenue's challenge failed. en-us Tue, 29 Aug 2006 00:00:00 +0530 Sat, 31 Jul 2010 14:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47903 Interest could not be levied on customs duty payable on goods warehoused under Chapter IX of the Customs Act, 1962 where the governing exemption notifications expressly barred such levy. The dispute concerned an imported consignment by a 100% export oriented unit, but the only issue was the department's claim for interest. Reading the notifications of 09-02-1981 and 01-11-1995 together, the Court held that no interest demand was permissible on the warehoused goods. The Tribunal's acceptance of the assessee's case disclosed no legal error, so the Revenue's challenge failed. Case-Laws Customs Tue, 29 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47903