Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Interest on refundable revenue deposits, including unspent Personal Ledger Account balances, is payable from the date of deposit where amounts were deposited during investigation before any duty liability was determined and therefore retained the character of revenue deposits. The majority view rejected the Revenue's challenge to interest from the deposit date and dismissed both appeals. The discussion distinguishes statutory and equitable interest and rejects blanket awards of 12% interest based solely on Sandvik, requiring consideration of relevant factors and later Supreme Court guidance. The majority treated the jurisdictional High Court ruling in Parle Agro as governing the entitlement to interest from the deposit date.
Interest on refundable revenue deposits, including unspent Personal Ledger Account balances, is payable from the date of deposit where amounts were deposited during investigation before any duty liability was determined and therefore retained the character of revenue deposits. The majority view rejected the Revenue's challenge to interest from the deposit date and dismissed both appeals. The discussion distinguishes statutory and equitable interest and rejects blanket awards of 12% interest based solely on Sandvik, requiring consideration of relevant factors and later Supreme Court guidance. The majority treated the jurisdictional High Court ruling in Parle Agro as governing the entitlement to interest from the deposit date.
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