https://www.taxtmi.com/caselaws?id=51625 Interest under Section 28AB of the Customs Act is not sustainable where duty has been paid before finalisation of a provisional assessment, because there is no delayed payment requiring compensatory interest. Where misdeclaration of description and value attracts confiscability under Section 111(m) and the goods are not available for confiscation, redemption fine may still be imposed under Section 125, but its quantum must remain reasonable on the facts. The text notes that the challenge to duty demand and penalty was not pressed, and the dispute was confined to interest and redemption fine. en-us Wed, 03 Apr 2002 00:00:00 +0530 Mon, 27 Sep 2010 12:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51625 Interest under Section 28AB of the Customs Act is not sustainable where duty has been paid before finalisation of a provisional assessment, because there is no delayed payment requiring compensatory interest. Where misdeclaration of description and value attracts confiscability under Section 111(m) and the goods are not available for confiscation, redemption fine may still be imposed under Section 125, but its quantum must remain reasonable on the facts. The text notes that the challenge to duty demand and penalty was not pressed, and the dispute was confined to interest and redemption fine. Case-Laws Customs Wed, 03 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51625