https://www.taxtmi.com/caselaws?id=365435 A security deposit made for provisional release of seized goods does not acquire the character of duty or interest, so the balance remained refundable after adjustment of the penalty when the appellant chose not to redeem the goods. Rejection of the refund claim could not be sustained merely because no appeal was filed against the redemption fine order, and limitation did not bar the claim since it concerned return of a security deposit rather than refund of duty. The balance deposit was therefore directed to be returned. en-us Mon, 13 Aug 2018 00:00:00 +0530 Thu, 05 Mar 2020 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365435 A security deposit made for provisional release of seized goods does not acquire the character of duty or interest, so the balance remained refundable after adjustment of the penalty when the appellant chose not to redeem the goods. Rejection of the refund claim could not be sustained merely because no appeal was filed against the redemption fine order, and limitation did not bar the claim since it concerned return of a security deposit rather than refund of duty. The balance deposit was therefore directed to be returned. Case-Laws Customs Mon, 13 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365435