The HC dismissed the petition challenging the order of the ...

Petition dismissed: Interest payable on delayed customs duties for unfulfilled export obligations.

January 21, 2025

Case Laws Customs HC

The HC dismissed the petition challenging the order of the Settlement Commission imposing interest on delayed payment of customs duties under a valid notification. The petitioners had availed duty exemption on import subject to export obligations which were not satisfied. The HC upheld the constitutional validity of the notification stipulating payment of interest on duties payable from the date of clearance if export obligations were not met, as the exemption was conditional. The order imposing interest as per the notification's terms was a valid settlement that must be accepted in its entirety.

View Source

← Previous Next →

The HC dismissed the petition challenging the order of the ...

Petition dismissed: Interest payable on delayed customs duties for unfulfilled export obligations.

January 21, 2025

Case Laws Customs HC

You may also like:

Liability to pay customs duty when confiscated goods are redeemed after payment of fine u/s 125 of the Customs Act, 1962 includes liability to pay interest on delayed...

Disallowance u/s 37 of interest paid on delayed payment of additional Customs Duty was challenged, contending that it was not penal in nature but compensation for delay...

Interest liability - Provisional assessment - interest is not payable if assessee pays the duty before finalisation - AT

Interest on custom duty - accrual of expenses - The interest on custom duty has the same nature as custom duty and therefore it could be allowed on payment basis - AT

Interest on the delayed payment of duty - interest on differential duty due to finalization of provisional assessment - prima facie interest is payable - AT

Retrospective exemption granted from payment of any customs duty on import of "Rough diamonds (industrial or non-industrial)" for the period 1.7.2017 to 1.2.2022....

Petitioner failed to submit original shipping bills to substantiate claimed exports, providing only photocopies which were not accepted for meeting export obligation....

Valuation - export duty - Liability to pay customs duty on the FOB value, on export of iron ore fines considering the same as cum-duty value or otherwise - After...

Leviability of interest and penalty in relation to amounts payable as duty other than basic customs duty - mis-declaration of goods - intent to evade customs duty or not...

The Supreme Court dismissed the appeal filed by the Revenue seeking condonation of a 220-day delay in filing the special leave petition. The Court found the reasons...

Delay of 294 days in filing Special Leave Petition deemed invalid. Reopening of assessment u/s 143(3) without proper sanction u/s 151(1) from competent authority. Income...

Export duty - Movement of goods from DTA to SEZ unit - Validity of circular levying duty - there was no provision in the SEZ Act to levy duties of customs (export duty) - HC

Anti-dumping duty imposed on imports of welded stainless steel pipes and tubes originating in or exported from Thailand and Vietnam to India. Duty rates ranging from NIL...

The appellant had imported raw materials duty-free under the Advance Authorisation Scheme but erroneously filed shipping bills under the Duty Drawback Scheme. The court...

The case dealt with the interpretation of interest clauses in an arbitration award, specifically whether interest could be payable on interest or if the awarded 15% per...

Quick Updates: