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<h1>Appellate tribunal rules on interest for delayed refund: interest applies to duty amount, not security deposit.</h1> <h3>CALCUTTA IRON & STEEL CO. Versus COMMISSIONER OF CUSTOMS, CHENNAI</h3> CALCUTTA IRON & STEEL CO. Versus COMMISSIONER OF CUSTOMS, CHENNAI - 2010 (260) E.L.T. 311 (Tri. - Chennai) The appellate tribunal allowed the appeal partially, stating that interest on delayed refund is not applicable for security deposit but is applicable for the amount representing duty. The appellant is entitled to interest on the duty amount of Rs. 4,52,735.