No Interest on Refund When Assessment Finalized Within Section 18(4)Timeframe: CESTAT Chandigarh

H L G Trading Vs Commissioner of Customs (CESTAT Chandigarh) CESTAT Chandigarh held that interest on refund not eligible if the assessment is finalized within three months as prescribed under Section 18(4) of the Customs Act, 1962. Accordingly, appeal dismissed. Facts- The appellant imported 100% nylon yarn raw white in yanks stock lot under 23 bills of entry between August 2013 to September 2014. The goods imported were provisionally assessed on account of verification undertaken by the department qua the description, value and availability of Notification No. 30/2004-CE dated 09.07.2004 with...