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2015 (12) TMI 996 - AT - CustomsClaim of interest on refund of the redemption fine, penalty and differential duty - delayed refund - Held that:- Commissioner (Appeals) has followed the provisions of Section 27A and allowed refund from the expiry of three months from the date of application under Section 27 (1). This is what the Section 27A prescribes. Refund has to be allowed as per provisions as it existed at the time when refund arose as a consequence of Tribunal order. Further more I find that the learned Counsel has failed to point out any authority which allows interest on the refund of fine and penalty. The Section 27A clearly covers only the payment of interest on duty. Since there is no such provision in law, the same cannot be allowed. - Decided against Assessee.
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