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2014 (8) TMI 969 - AT - CustomsInterest on delayed refund claim - Held that:- Reasons assigned in the impugned order for denying refund are misconceived and wrong. The learned appellate authority has misconceived the provisions under Section 27A of the Customs Act. The issue of refund in the facts and circumstances is covered on all four [corners] by Ruling of the Hon’ble Apex Court in I.T.C. Ltd. (2004 (12) TMI 90 - SUPREME COURT OF INDIA). The impugned order is set aside. The appellant is entitled to interest for the period of delay being 20-10-2006 to 21-1-2008, I further direct the adjudicating authority to grant interest within 4 weeks from the date of receipt of this order. - Decided in favour of assessee.
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