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CESTAT Confirms 6% Interest on 253-Day Delay in Customs Duty Refund

Nanda Agency House Shipping Services Pvt Ltd Vs Commissioner of Customs (CESTAT Chennai)

Introduction: The Nanda Agency House Shipping Services Pvt Ltd Vs Commissioner of Customs case decided by CESTAT Chennai presents significant questions regarding interest rates on delayed customs duty refunds.

  • Delay in Refund and the Request for Enhanced Interest
  • Arguments from Nanda Agency
  • Government’s Standpoint
  • Judicial Verdict
  • Conclusion

Source: taxguru.in

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