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2014 (2) TMI 167 - AT - CustomsEnhancement of interest on refund of pre deposit - Revenue granted interest @6% whereas assessee contends that interest should be 12% - Held that:- The refund of pre-deposit has been given to the Appellant consequent to the Order of the Hon’ble High Court of Calcutta. The Hon’ble High Court has ordered to refund the pre-deposit to the Appellant with applicable interest. The lower Adjudicating Authority has granted a refund along with the interest @ 6% - Commissioner (Appeals) has dealt with the applicability of interest in view of the Hon’ble Supreme Court’s decision in ITC Ltd. [2004 (12) TMI 90 - SUPREME COURT OF INDIA], as per the Notification No. 75/2003-Cus. (N.T.), dated 12-9-2003 issued under Section 27A of the Customs Act, 1962 prescribing the interest @ 6%. The Appellant has not produced anything contrary to the above - Decided against assessee.
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