https://www.taxtmi.com/caselaws?id=257927 The Tribunal held that the 1st respondent is entitled to an automatic refund of the Extra Duty Deposit (EDD) without filing a formal application under Section 27 of the Customs Act, 1962. The refund claim was processed suo motu upon finalization of the assessment, as EDD was characterized as a deposit rather than customs duty. The Court ruled in favor of the assessee, dismissing the appeal and directing the appellant/Revenue to pay statutory interest under Section 27-A of the Customs Act. en-us Fri, 06 Mar 2015 00:00:00 +0530 Tue, 29 Sep 2015 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257927 The Tribunal held that the 1st respondent is entitled to an automatic refund of the Extra Duty Deposit (EDD) without filing a formal application under Section 27 of the Customs Act, 1962. The refund claim was processed suo motu upon finalization of the assessment, as EDD was characterized as a deposit rather than customs duty. The Court ruled in favor of the assessee, dismissing the appeal and directing the appellant/Revenue to pay statutory interest under Section 27-A of the Customs Act. Case-Laws Customs Fri, 06 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257927