News & Media 16th May 2025
The Orissa High Court has directed the Customs Department to pay 6% interest on delayed customs refunds to Indian mining major Vedanta. In a significant ruling that upheld taxpayers right to avail interest on delayed refunds, the Orissa HC on May 9, 2025 ruled in favor of Vedanta owing to a provisional assessment by custom authorities that took nearly 14 years to finalise.
The case centered on a dispute over the customs duty levied during the import of goods by Vedanta was provisionally assessed under Section 18of the Customs Act, 1962.
Against this backdrop, Our Associate Partner, Parth Parikh has been quoted in a article, “Orissa HC directs tax depart to pay 6% interest to Vedanta on delayed customs refund” written by Shivam Tyagi published in ET CFO.
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