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2018 (5) TMI 617 - AT - CustomsLiability of interest on belated refund - relevant date - adhoc exemption for import of TMBP coils at concessional rate of duty. Held that: - the said refund claim is correct and needs to be accepted as the Apex Court in the case of Ranbaxy Laboratories Limited [2011 (10) TMI 16 - Supreme Court of India] has settled the law which holds that interest has to be paid to a refund seeker if the refund is not sanctioned within 3 months from the date of filing of the said claim - the lower authorities directed to grant interest on appropriate rate to SAIL in accordance with the law - appeal allowed - decided in favor of appellant.
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