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of <h1>Circular Mandates Timely Return of Deposits u/s 35F and 129E; Delays Lead to Penalties and Interest.</h1> The circular addresses the return of deposits made under Section 35F of the Central Excise Act, 1944, and Section 129E of the Customs Act, 1962. It emphasizes the need for timely return of pre-deposits within three months following a favorable appellate decision, as per the Supreme Court's order. Delays will result in disciplinary action and interest liability. Commissioners are instructed to ensure compliance and withdraw similar pending cases in High Courts. The circular reiterates previous instructions and mandates the implementation of CESTAT orders for interest payments. Compliance and monitoring mechanisms are to be established.
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