CESTAT Allows Interest on Auction Sale Proceeds: From Receipt to Disbursal

Oriental Trimex Limited Vs Commissioner of Customs (Import) (CESTAT Delhi) CESTAT Delhi, ruled in favor of Oriental Trimex Limited in their case against the Commissioner of Customs (Import). The pivotal decision allows interest on the auction sale proceeds from the date the Customs Department received the amount until the date of disbursal. Analysis:- The issue in question was whether the imported rough marble blocks were rightfully subject to confiscation under Section 111(d) and liable to a redemption fine. The Tribunal scrutinized several aspects, including whether the goods were imported w...