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2018 (7) TMI 543 - AT - CustomsInterpretation of statute - Drawback Rules - demand of Interest - Rules 16 and 16A of the Drawback Rules - Held that:- While the ld. consultant has been seeking to interpret the Drawback Rules, it is to be noted that they have been framed only under Sections 75 and 75A of Customs Act, 1962 - Section 75A ibid particularly makes it amply clear that when drawback becomes recoverable under the Act or Rules made therein, claimant shall be liable not only to repay the drawback amount but also to discharge interest liability at the rate fixed under section 28AA of the Customs Act. Demand upheld - appeal dismissed - decided against appellant.
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