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2016 (2) TMI 651 - AT - CustomsClim of interest on Refund - period of limitatiaon - refund arose on account of finalization of provisional assessment - Held that:- refund should be sanctioned within 3 months from the date of assessment of duty finally, and if not done so, then the interest shall be paid till the date of refund of such amount. In the instant case, it is undisputed that provisional assessment was finalized vide letter no. F.No. V Misc(30)23/IOCL/B.E./2005 dated 22.02.2008. Therefore, the appellants are eligible for refund consequent to the said finalization. As the refund is not sanctioned within 3 months from the said date, the appellants are also eligible for interest till the date of refund. - Decided in favor of assessee.
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