Deposited amount can be refunded pre-adjudication of show-cause notice for re-determination of assessable value

The Bombay HC held that the deposited amount can be refunded before adjudication of the show cause notice for re-determination of assessable value. The appeal was allowed in favor of the appellant.

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The Bombay High Court admitted an appeal regarding the refund of voluntarily deposited amount during a customs investigation. The substantial question of law is whether the amount can be refunded before adjudication of the show cause notice for re-determination of assessable value. The respondent waived service.

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