https://www.taxtmi.com/caselaws?id=218393 The Tribunal ruled that interest is not payable on seized currency upon release under the Customs Act, as it falls under the definition of goods. It highlighted that only the High Court or Supreme Court could order interest payment for delays in returning seized goods, not the Tribunal. The order directing interest payment was set aside, allowing the Revenue's appeal and rejecting the respondent's claim for interest at an enhanced rate. en-us Thu, 22 Mar 2012 00:00:00 +0530 Wed, 17 Oct 2012 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218393 The Tribunal ruled that interest is not payable on seized currency upon release under the Customs Act, as it falls under the definition of goods. It highlighted that only the High Court or Supreme Court could order interest payment for delays in returning seized goods, not the Tribunal. The order directing interest payment was set aside, allowing the Revenue's appeal and rejecting the respondent's claim for interest at an enhanced rate. Case-Laws Customs Thu, 22 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218393