https://www.taxtmi.com/caselaws?id=437120 The Tribunal allowed the restoration of the appeal due to non-prosecution, citing COVID-related disturbances as the reason for default. The appeal was restored for hearing on merits with the consent of both parties. Regarding the grant of interest on an encashed bank guarantee, the Tribunal held that the appellant was entitled to interest on the refund amount from the date of deposit till the refund date at a rate of 6% per annum. The Adjudicating Authority was directed to grant the interest within 45 days, ruling in favor of the appellant. en-us Fri, 21 Apr 2023 00:00:00 +0530 Fri, 28 Apr 2023 08:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437120 The Tribunal allowed the restoration of the appeal due to non-prosecution, citing COVID-related disturbances as the reason for default. The appeal was restored for hearing on merits with the consent of both parties. Regarding the grant of interest on an encashed bank guarantee, the Tribunal held that the appellant was entitled to interest on the refund amount from the date of deposit till the refund date at a rate of 6% per annum. The Adjudicating Authority was directed to grant the interest within 45 days, ruling in favor of the appellant. Case-Laws Customs Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437120