https://www.taxtmi.com/caselaws?id=466671 Where provisional customs assessment is left pending for an inordinate period despite the assessee furnishing documents and seeking finalisation, and the later assessment is re-determined at a lower duty resulting in refund, compensatory interest is payable because the delay is attributable to the Revenue. Interest is computed from the date by which the assessment ought reasonably to have been finalised, not from the later refund application filed after departmental inaction. On the facts noted, interest was directed from 14.11.2010 until refund, at 12% per annum. en-us Tue, 07 Jan 2025 00:00:00 +0530 Thu, 12 Feb 2026 14:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466671 Where provisional customs assessment is left pending for an inordinate period despite the assessee furnishing documents and seeking finalisation, and the later assessment is re-determined at a lower duty resulting in refund, compensatory interest is payable because the delay is attributable to the Revenue. Interest is computed from the date by which the assessment ought reasonably to have been finalised, not from the later refund application filed after departmental inaction. On the facts noted, interest was directed from 14.11.2010 until refund, at 12% per annum. Case-Laws Customs Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466671