CESTAT Kolkata allows 12% Interest for 15-Year Refund Delay

Vedanta Ltd. Vs Commissioner of Customs (Preventive) (CESTAT Kolkata) CESTAT Allow Interest @12% for Delay of 15 years and not following Hon’ble Supreme Court Directions in Final Assessment of S/Bill and delaying Export Duty Refund by Paradeep Customs To summarize our decision : (a) Whether any interest is payable to the appellant for the finalization of assessment in a delayed manner Considering the factual matrix of the case, clearly indicating the lapse on the part of the Revenue to complete the Finalization within the period of 6 months as mandated, the Revenue cannot take umbrage un...