Delayed Customs Refund Credit: Company Wins Interest Under Notification 25/2003, Extra Compensation Claim Denied

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....CESTAT determined appellant's entitlement to statutory interest under Notification No. 25/2003-Cus(N.T.) for delayed refund credit, following precedent set in Ranbaxy Laboratories Ltd. case. While interest was granted as compensatory relief under statutory provisions, additional compensation claim was rejected due to dispute between Resolution Professional and Official Liquidator. Tribunal clarified its limitations as statutory body under Customs Act, 1962, noting inability to grant extra-statutory compensation. Interest payment ordered specifically for delay period in crediting refund amount to appellant's account, with appeal partially allowed. Decision reinforces distinction between statutory interest entitlement and non-statutory compensation claims in customs matters.....