Customs valuation and import permissibility conflict resolved: accepted enhancement of transaction value removes liability for confiscation and penalt...
Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
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Amounts deposited during investigation at the Department's insistence and while duty liability was still contested were treated as payments made under a mistaken notion of liability, not as voluntary central excise duty. On that basis, the amount did not acquire the character of duty for denying interest under Section 11B. Following its earlier view in Harrisons Industries and distinguishing Goldy Engineering Works, the Tribunal held that interest was payable at 12% per annum on the refunded amount from the date of deposit until the date of refund.
Amounts deposited during investigation at the Department's insistence and while duty liability was still contested were treated as payments made under a mistaken notion of liability, not as voluntary central excise duty. On that basis, the amount did not acquire the character of duty for denying interest under Section 11B. Following its earlier view in Harrisons Industries and distinguishing Goldy Engineering Works, the Tribunal held that interest was payable at 12% per annum on the refunded amount from the date of deposit until the date of refund.
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