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2014 (5) TMI 787 - AT - CustomsWaiver of interest - Duty already paid - Goods kept in warehouse even after expiry of warehousing period - Held that:- The period involved is from 1976. The statutory provision for payment of interest under Section 61 of the Customs Act, 1962 was not existence prior to 23-12-1991 and the appellant have paid duty on 31-3-2004. Therefore the appellant are liable to pay interest from 23-12-1991 till the date of payment of duty. The appellant are contesting the quantification of the interest with effect from 23-12-1991. In these circumstances, case is remanded to the lower adjudicating authority for the limited purpose of quantification of interest from the date of introduction of the provisions for interest. The appellant are at liberty to produce document in support of their claim for the quantification of the amount of interest - Decided in favour of assessee.
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