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2016 (11) TMI 1139 - AT - CustomsDemand of interest - N/N. 110/95 dt. 05.06.1995 - EPCG Scheme - non-fulfilment of export obligation within the stipulated time - Held that: - The learned Commissioner (Appeals) held that interest liability is unsustainable as time-barred, but the respondent has not cared to comply with the statutory obligation. The interest liability accrues from the date of duty liability. I also find from the decision relied by Revenue in the grounds of appeal in the case of NCS Sugars Ltd. Vs CC Visakhapatnam [2010 (10) TMI 301 - CESTAT, BANGALORE] holding that duty demanded cannot be claimed time-barred since the appellant had executed a bond undertaking to meet such liability in case of its failure to fulfill the conditions of the Notification No.43/02-Cus. dt.10.04.2002 therein - appeal allowed - decided in favor of Revenue.
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