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2013 (4) TMI 256 - AT - CustomsInterest on refund - at the time of clearance benefit of exemption notification not extended - appellant was forced to pay the duty involved - Held that:- It is seen that the appellant had filed refund applications - Therefore, the provisions of Section 27A of the Customs Act, 1962 is clearly attracted and the said section provides for grant of interest on the expiry of three months from the date of refund application till the date of grant of refund irrespective of when the order for refund was actually passed. The ratio of the judgment of the Hon’ble Apex Court in the case of Ranbaxy Laboratories cited (2011 (10) TMI 16 - Supreme Court of India ) and of the Hon’ble High Court of Bombay in Voltas (2004 (9) TMI 116 - HIGH COURT OF JUDICATURE AT BOMBAY ) would apply to the facts of the case. Since Section 27A of the Customs Act itself came into force only in May, 1995 and the appellant has claimed the interest for the period from 1-12-1995 onwards - Interest on refund allowed - Decided in favor of assessee.
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