Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
CESTAT allowed the appeal, holding that the appellant is lawfully entitled to interest on amounts deposited during investigation and as mandatory pre-deposit from the date of each deposit until the date of refund. The Tribunal distinguished such deposits from "duty" or "tax" governed by Section 11B of the Central Excise Act, 1944, reiterating that they are mere deposits on which the department has no beneficial interest unless duly appropriated. As the interest was correctly computed from the date of deposit, it did not constitute an erroneous payment, and consequently no recovery or penalty proceedings were sustainable against the appellant.
CESTAT allowed the appeal, holding that the appellant is lawfully entitled to interest on amounts deposited during investigation and as mandatory pre-deposit from the date of each deposit until the date of refund. The Tribunal distinguished such deposits from "duty" or "tax" governed by Section 11B of the Central Excise Act, 1944, reiterating that they are mere deposits on which the department has no beneficial interest unless duly appropriated. As the interest was correctly computed from the date of deposit, it did not constitute an erroneous payment, and consequently no recovery or penalty proceedings were sustainable against the appellant.
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