2009 (10) TMI 892 - SCH - Customs

Delay in clearance from warehouse - Whether as per Circular No.26/07 interest is chargeable on duty paid by way of debit in DEPB on goods cleared from the warehouse after 90 days - the decision in the case of M/s. Tanfac Industries Ltd. Versus The Assistant Commissioner of Customs 2009 (4) TMI 92 - MADRAS HIGH COURT contested where it was held that the goods cleared under DEPB Scheme cannot be treated an exempted goods but they can only be treated to be duty-paid goods and therefore the interest is payable as per Section 61(2) - Held that - the decision in the above case upheld - appeal dismissed - decided against appellant.

Summary

The Supreme Court dismissed the appeal in the case with citation 2009 (10) TMI 892 - SC. Justices S.H. Kapadia and Aftab Alam were part of the judgment.