https://www.taxtmi.com/caselaws?id=325203 The petitioner sought a writ of mandamus for the refund of a specific sum following the Tribunal's order, directing the refund of the principal sum along with 15% interest. The appeal based on denial of opportunity in machineries' confiscation was dismissed by the Supreme Court. The necessity of a bank guarantee in the refund process was clarified, and Circular F.No.275/37/2K-CX.8A was discussed for refund applications. The claim for interest under Section 129 EE of the Customs Act was delayed, emphasizing the refundability of pre-deposits with interest as per a Supreme Court judgment. Verification of interest calculation for the actual days was required for resolution. en-us Wed, 16 Sep 2015 00:00:00 +0530 Fri, 06 May 2016 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325203 The petitioner sought a writ of mandamus for the refund of a specific sum following the Tribunal's order, directing the refund of the principal sum along with 15% interest. The appeal based on denial of opportunity in machineries' confiscation was dismissed by the Supreme Court. The necessity of a bank guarantee in the refund process was clarified, and Circular F.No.275/37/2K-CX.8A was discussed for refund applications. The claim for interest under Section 129 EE of the Customs Act was delayed, emphasizing the refundability of pre-deposits with interest as per a Supreme Court judgment. Verification of interest calculation for the actual days was required for resolution. Case-Laws Customs Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325203