CESTAT allows Interest on Auction Sale Proceeds from Date of Receipt of Amount by Customs Department till Date of Disbursal

Oriental Trimex Limited Vs Commissioner of Customs (Import) (CESTAT Delhi) The case of Oriental Trimex Limited Vs Commissioner of Customs (Import) was heard by the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Delhi. The issue in the appeals was whether the imported rough marble blocks were liable to confiscation and whether penalty was rightly imposed. The CESTAT allowed the appeals and held that the appellant was entitled to the sale proceeds of the auctioned goods, reduced only by the amount of penalty. The CESTAT further ruled that the appellant was entitled to interest on t...