2000 (3) TMI 61 - SCH - Customs

Summary

The Supreme Court of India ruled that interest on warehoused goods is an accessory to the principal amount. The appeal regarding payment of interest on goods warehoused under the DEEC scheme was dismissed. The Tribunal's decision was upheld based on the principle that interest is not payable if the principal amount is not paid. (Citation: 2000 (3) TMI 61 - SC)