Imported Goods IGST Interest Calculation Clarified: Section 50 Governs Computation, Distinguishing from Customs Additional Duty

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....CESTAT adjudicated a dispute regarding IGST interest calculation on imported goods. The tribunal distinguished between Additional Duty of Customs and IGST, clarifying their distinct constitutional and statutory foundations. The key legal finding was that interest for delayed IGST payment should be calculated under Section 50 of CGST Act, not Section 28AB of Customs Act. The tribunal held that IGST on imported goods must be treated identically to inter-state supply IGST. Consequently, the matter was remanded to the Commissioner for recalculating interest at the applicable CGST Act rates, effectively allowing the appellant's appeal and directing a fresh interest computation consistent with statutory provisions.....