Rahul Mehta imported goods from Germany and the same were provisionally assessed under section 18 of the Customs Act, 1962. The provisional…

Rahul Mehta imported goods from Germany and the same were provisionally assessed under section 18 of the Customs Act, 1962. The provisional assessment was made on 12 th December, 2024 and the final assessment was completed on 2 nd February, 2025. On final assessment, a duty demand of 1,80,000 arose for one consignment, which was paid on 5 th February, 2025. For another consignment, a refund of 4,20,000 became due and was granted on 28 th April, 2025. In light of the provisions relating to interest under section 18, which of the following is correct?