Demand of Interest - It is clear that this is not a case where ...

Customs

August 11, 2023

Demand of Interest - It is clear that this is not a case where the Bank Guarantee has been encashed by the Department when the OIO was passed. The Security Deposit was available right on the day when the import has taken place. Therefore, when the entire amount was available in the form of Security Deposit of Rs.73,65,624/- on the day of import, the question of the Appellant paying any interest till the payment of duty will not arise. - AT

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Demand of Interest - It is clear that this is not a case where ...

Customs

August 11, 2023

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