https://www.taxtmi.com/caselaws?id=785419 Amendment to the statutory interest regime requires applying the later notification reducing the applicable interest rate on delayed compliance under EPCG licences to 18%; charging 24% was without legal authority and must be replaced by the amended rate. Separately, interest levied on countervailing duty and special additional duty is not sustainable because the levy of CVD/SAD is governed by an independent provision that does not authorize interest on those components; consequence: interest on CVD/SAD must be set aside. The impugned order was quashed and the appeal allowed with consequential benefits. en-us Tue, 20 Jan 2026 00:00:00 +0530 Fri, 23 Jan 2026 09:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785419 Amendment to the statutory interest regime requires applying the later notification reducing the applicable interest rate on delayed compliance under EPCG licences to 18%; charging 24% was without legal authority and must be replaced by the amended rate. Separately, interest levied on countervailing duty and special additional duty is not sustainable because the levy of CVD/SAD is governed by an independent provision that does not authorize interest on those components; consequence: interest on CVD/SAD must be set aside. The impugned order was quashed and the appeal allowed with consequential benefits. Case-Laws Customs Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785419