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Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
CESTAT allowed the appeal filed by the assessee and held that Revenue was entitled only to the duty, interest and penalty as quantified by the Settlement Commission in respect of the first SCN, to be adjusted against the fixed deposit created pursuant to SC directions. CESTAT ruled that Revenue had no authority to appropriate any further sums towards other outstanding dues from separate litigations while processing the refund. Noting prolonged deprivation of the lawful refund, CESTAT directed that interest at 6% p.a. be calculated on Rs. 34,95,275/- for the period 08.08.2019 to 29.05.2023 and granted to the assessee without any additional application. Revenue was directed to disburse the interest within eight weeks of receipt of the order.
CESTAT allowed the appeal filed by the assessee and held that Revenue was entitled only to the duty, interest and penalty as quantified by the Settlement Commission in respect of the first SCN, to be adjusted against the fixed deposit created pursuant to SC directions. CESTAT ruled that Revenue had no authority to appropriate any further sums towards other outstanding dues from separate litigations while processing the refund. Noting prolonged deprivation of the lawful refund, CESTAT directed that interest at 6% p.a. be calculated on Rs. 34,95,275/- for the period 08.08.2019 to 29.05.2023 and granted to the assessee without any additional application. Revenue was directed to disburse the interest within eight weeks of receipt of the order.
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