HomeIndirect TaxesCESTAT Upholds 6% Interest on Delayed Customs Refund, Rejects Claim for Higher...

CESTAT Upholds 6% Interest on Delayed Customs Refund, Rejects Claim for Higher Rate Despite 8 Year Delay

The  Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has upheld the grant of interest at 6% per annum on a delayed customs refund, rejecting the importer’s plea for a higher 12% interest, even though the refund was delayed for nearly eight years due to departmental inaction. The bench of Dr….

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.

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