Interest u/s. 50 of CGST Act applies on delayed payment of IGST in course of import

JLC Electromet Private Limited Vs Commissioner (CESTAT Delhi) CESTAT Delhi held that interest as per section 50 of the Central Goods and Services Tax Act, 2017 [CGST Act] is applicable on delayed payment of IGST in the course of imports. Accordingly, interest confirmed u/s. 28AB of Customs Act not justified. Facts- The appellant had imported and cleared goods using 13 Advance Authorisations without paying either the basic customs duty or the integrated goods and services tax on them. The Directorate General of Revenue Intelligence investigated the matter and found that while the appellant had...