Refund Claim under Customs Law – An ‘Un’appealing Conundrum?
In the case of ITC Ltd v. Commissioner of Central Excise, Kolkata, the Apex Court has upheld the supremacy of order of self-assessment under the Customs law. Apex Court held that a refund claim contrary to the assessment order is not maintainable unless the assessment order is reviewed or modified in appeal. The judgement will have far-reaching implications on business and needs a re-look in light of the Section 27 of the Customs Act, 1962, which is a complete code in itself.
In this context, find attached our article titled “ Refund Claim under Customs Law – An ‘Un’appealing Conundrum?” authored by our Managing Partner, Mr. Puneet Bansal and Associates, Mr. Ashutosh Mishra and Mr. Rohit Kumar.