Tribunal remands case for correct interest calculation after finding discrepancy in liability and refund amounts.

The Tribunal allowed the appeal and remanded the case to the original authority to determine the correct interest amount payable by the appellant, finding that the interest liability calculation was in dispute despite the correct duty liability and refund calculation. The appellant's argument that the interest amount was erroneous was supported by detailed submissions and computations not considered by the first appellate authority.

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Issues: Dispute over appropriation of deposits made during assessment finalization.

The appeal concerned the dispute over the appropriation of funds deposited during the finalization of assessment. The appellant had cleared goods on provisional assessment and later filed a refund claim. The original authority sanctioned the refund but directed the retention of a specific amount towards interest liability. The first appellate authority upheld this decision, leading to the current appeal. The appellant argued that the interest amount calculated was erroneous and cited a court decision to support their claim that a lesser amount was due. The Tribunal noted that while the duty liability and refund calculation were correct, the interest liability was in dispute. The appellant had provided detailed submissions and computations to the first appellate authority, which were not considered. Therefore, the Tribunal allowed the appeal and remanded the case to the original authority to ascertain the correct interest amount payable by the appellant in accordance with the law.

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