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2013 (10) TMI 454 - AT - CustomsInterest on deposit - Whether the interest is required to be paid to the importer from the date of deposit made by them during the period of investigation or from the date of the Tribunal’s order when the relief was granted to the importer for the first time - Held that:- interest would be payable after the expiry of period of three months from the date of filing refund application as consequent of order of appellate authority in favour of the assessee. - Interest not allowed from the date of deposit. - Decided partly in favor of revenue. Equality between the Government and Citizen - rate of interest on refund @6% and on Demand @12% - Held that:- such an issue cannot be raised before the Tribunal who is working within the four corners of the Act - Decided against the assessee. Claim of Interest on interest - in Shri Jagdamba Polymers Ltd. vs. Union of India [2013 (6) TMI 88 - GUJARAT HIGH COURT], HC directed interest on delayed payment - appellant claimed the similar benefit in its case - Held that:- Inasmuch as the Tribunal works within the provisions of Customs Act, 1962, we have no jurisdiction to order interest on interest - Decided against the assessee.
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