https://www.taxtmi.com/caselaws?id=54643 Interest on customs duty for warehoused capital goods, spares and raw materials imported under the exemption notification was stated to be not leviable where Chapter IX of the Customs Act and the relevant notification covered such interest. The note indicates that the authorities overlooked the statutory exemption, so confirmation of interest was not justified. It also records that delay in granting permission to de-bond the unit from the EOU scheme was relevant, and on those facts the interest demand was found unsustainable and the confirmed demand was set aside in favour of the assessee. en-us Wed, 19 Oct 2005 00:00:00 +0530 Thu, 21 Oct 2010 12:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54643 Interest on customs duty for warehoused capital goods, spares and raw materials imported under the exemption notification was stated to be not leviable where Chapter IX of the Customs Act and the relevant notification covered such interest. The note indicates that the authorities overlooked the statutory exemption, so confirmation of interest was not justified. It also records that delay in granting permission to de-bond the unit from the EOU scheme was relevant, and on those facts the interest demand was found unsustainable and the confirmed demand was set aside in favour of the assessee. Case-Laws Customs Wed, 19 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54643