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1. RULE. Rule made returnable forthwith and heard finally by
consent of the parties.
2. The present Petition is filed challenging the Order dated 1 st
August, 2024 passed by Respondent No.2 to the extent it seeks to demand
interest, penalty and redemption fine from the Petitioner in lieu of payment
of IGST leviable under Section 3(7) of the Customs Tariff Act, 1975 (herein
after referred to as “the Tariff Act”). The Petitioner has also challenged
Circular No.16/ 2023- Customs dated 7 th June, 2023 issued by the Central
Board of Indirect Tax and Customs (herein after referred to as “CBIC”) to the
extent it purports to levy interest upon the IGST payment.
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