https://www.taxtmi.com/caselaws?id=50972 The Tribunal set aside the Commissioner's order directing the appellant to pay interest at 24% p.a. under Section 61(2)(ii) of the Customs Act for detained goods, ruling that interest does not apply when goods are detained due to customs inaction. The appellant's argument, supported by legal precedents, prevailed, emphasizing that interest payment is unjustified when delays are caused by customs authorities. The Tribunal granted relief to the appellant, aligning with the interpretation that interest under Section 61(2) does not extend to goods detained due to customs proceedings. en-us Mon, 10 Sep 2001 00:00:00 +0530 Mon, 20 Sep 2010 18:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50972 The Tribunal set aside the Commissioner's order directing the appellant to pay interest at 24% p.a. under Section 61(2)(ii) of the Customs Act for detained goods, ruling that interest does not apply when goods are detained due to customs inaction. The appellant's argument, supported by legal precedents, prevailed, emphasizing that interest payment is unjustified when delays are caused by customs authorities. The Tribunal granted relief to the appellant, aligning with the interpretation that interest under Section 61(2) does not extend to goods detained due to customs proceedings. Case-Laws Customs Mon, 10 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50972