|Custom, Excise & Service Tax Tribunal
Section 27 Customs Act | 12% Interest on Delayed Refund Runs from 3-Month Post-Application Expiry, Not Re-Assessment Order : CESTAT Kolkata
CESTAT Kolkata ruled that 12% interest on delayed customs refunds accrues from the expiry of three months after the refund application is filed, not from the re-assessment order date, affirming the higher statutory rate and clarifying the starting point for interest calculation under Section 27.