Interest u/s 61(2)(i) of Customs Act, 1962 unsustainable as SCN time barred

DCM Hyundai Ltd Vs Commissioner of GST & Central Excise (CESTAT Chennai)

CESTAT Chennai held that demand of interest under section 61(2)(i) of the Customs Act, 1962 unsustainable as SCN is time barred.

Facts- The appellant, was earlier a 100% EOU, had applied for De-Bonding of the unit into DTA vide letter dt. 29.11.2006 and paid appropriate duties on the capital goods, imported raw materials, finished stock, indigenous capital goods lying as stock. It

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