CESTAT allows Interest on Auction Sale Proceeds from Date of receipt of Amount by Customs Department till Date of Disbursal [Read Order]

CESTAT allows Interest on Auction Sale Proceeds from Date - of receipt of Amount by Customs Department till Date of Disbursal - TAXSCAN

The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), allowed interest on auction sale proceeds from the date on which amount was received by the Customs Department till the date of disbursal. The issue involved is whether the Commissioner (Appeals) have rightly confirmed the order-in-original, by which the imported rough…

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