https://www.taxtmi.com/caselaws?id=796785 Interest on customs-duty refunds was sustained because the importer had continuously pursued reassessment and refund, and earlier rejections resulted from pending finalisation of assessment. Interest at 12% applies to sums deposited during investigation where no statutory rate governs the refund and binding jurisdictional precedent mandates that rate; Revenue must pay the additional amount for the period already determined. Enhancement of the interest rate does not extend the entitlement period to the date of duty payment where that period was not challenged. The interest period therefore remains confined to the previously fixed period. en-us Fri, 07 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:46:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796785 Interest on customs-duty refunds was sustained because the importer had continuously pursued reassessment and refund, and earlier rejections resulted from pending finalisation of assessment. Interest at 12% applies to sums deposited during investigation where no statutory rate governs the refund and binding jurisdictional precedent mandates that rate; Revenue must pay the additional amount for the period already determined. Enhancement of the interest rate does not extend the entitlement period to the date of duty payment where that period was not challenged. The interest period therefore remains confined to the previously fixed period. Case-Laws Customs Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796785