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Customs Liable to Pay Interest as EDD Refund Was Delayed After Final Assessment: CESTAT Mumbai

Case Law Details

Case Name
Vardhman Acrylics Limited Vs Commissioner of Customs (Imports) (CESTAT Mumbai)
Date of Judgement/Order
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Vardhman Acrylics Limited Vs Commissioner of Customs (Imports) (CESTAT Mumbai) The appeals were filed by the appellant against the Commissioner (Appeals)’ order dated 28.06.2019, which upheld the denial of interest on the delayed refund of Extra Duty Deposit (EDD) collected during provisional assessment of imports made from a related foreign supplier. The imports, made between October 1997 and April 1998, were provisionally assessed because the valuation of related-party transactions was under examination by the Special Valuation Branch (SVB). The appellant executed provisional duty bond...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,194

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