Interest on refund - The contention of the respondent-importer ...

Customs

October 5, 2021

Interest on refund - The contention of the respondent-importer that even if the application was defective, the same at the most may amount irregularity and hence, the Department cannot escape the liability of paying interest in terms of Section 27-A of the Act, 1962 is too far stretched and we are unable to accede to such a contention. The respondent-importer cannot be permitted to take undue advantage of lapses on his part in not submitting complete document to enable the Revenue to finalize the assessment before ordering for refund of 1% EDD. - HC

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Interest on refund - The contention of the respondent-importer ...

Customs

October 5, 2021

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