https://www.taxtmi.com/caselaws?id=449995 The Delhi HC ruled in favor of a petitioner seeking refund of pre-deposit with interest after goods were seized under EXIM Policy violations. The Tribunal had set aside the original confiscation order, making the redemption fine and penalty refundable. The HC held that revenue cannot enrich itself at the petitioner's expense and must pay 6% annual interest on the entire deposited amount from deposit date until refund, not just on the pre-deposit portion. The court quashed the Assistant Commissioner's corrigendum and directed refund processing within two weeks. en-us Fri, 23 Feb 2024 00:00:00 +0530 Tue, 20 Aug 2024 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449995 The Delhi HC ruled in favor of a petitioner seeking refund of pre-deposit with interest after goods were seized under EXIM Policy violations. The Tribunal had set aside the original confiscation order, making the redemption fine and penalty refundable. The HC held that revenue cannot enrich itself at the petitioner's expense and must pay 6% annual interest on the entire deposited amount from deposit date until refund, not just on the pre-deposit portion. The court quashed the Assistant Commissioner's corrigendum and directed refund processing within two weeks. Case-Laws Customs Fri, 23 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449995