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2014 (6) TMI 479 - AT - CustomsDenial of refund claim of redemption fine and penalty - Reduction in quantum of fine and penalty - Bar of limitation - Held that:- Section 27 of the Customs Act, 1962, deals with the refund claim arises out of duty and interest. The Section 27 ibid does not talk about the refund of redemption fine and penalty. Therefore, the provisions of Section 27 of the Customs Act are not applicable to the facts of the case. Therefore, the orders of the lower authorities holding that the refund claim is time barred, is not sustainable - Decided in favour of assessee.
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