https://www.taxtmi.com/caselaws?id=393022 The Tribunal upheld the Commissioner (Appeals) decision directing a refund of Rs. 10,95,32,485.41/- through RTGS instead of re-crediting in DEPB scrips. Due to the invalidity of DEPB scrips post the specified period, re-crediting them was impractical, effectively denying the refund to the party. Legal precedents supported refunds in cash or RTGS when duties were paid using DEPB scrips, leading to the dismissal of the Department's appeal and affirming the Commissioner (Appeals) decision. en-us Mon, 24 Feb 2020 00:00:00 +0530 Mon, 23 Nov 2020 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393022 The Tribunal upheld the Commissioner (Appeals) decision directing a refund of Rs. 10,95,32,485.41/- through RTGS instead of re-crediting in DEPB scrips. Due to the invalidity of DEPB scrips post the specified period, re-crediting them was impractical, effectively denying the refund to the party. Legal precedents supported refunds in cash or RTGS when duties were paid using DEPB scrips, leading to the dismissal of the Department's appeal and affirming the Commissioner (Appeals) decision. Case-Laws Customs Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393022