https://www.taxtmi.com/caselaws?id=758174 CESTAT NEW DELHI allowed the appeal regarding refund of Rs.50,00,000 deposited during investigation prior to show cause notice issuance. The tribunal held that since no demand was confirmed against the appellant and the amount was collected without legal authority, it constituted a revenue deposit requiring refund with interest. Relying on constitutional Article 300A and precedents from Parle Agro and Omjai Bhavani cases, CESTAT ruled the appellant entitled to 12% per annum interest from deposit date until refund, as the involuntary deposit remained appellant's property throughout the period. en-us Fri, 06 Sep 2024 00:00:00 +0530 Sat, 07 Sep 2024 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758174 CESTAT NEW DELHI allowed the appeal regarding refund of Rs.50,00,000 deposited during investigation prior to show cause notice issuance. The tribunal held that since no demand was confirmed against the appellant and the amount was collected without legal authority, it constituted a revenue deposit requiring refund with interest. Relying on constitutional Article 300A and precedents from Parle Agro and Omjai Bhavani cases, CESTAT ruled the appellant entitled to 12% per annum interest from deposit date until refund, as the involuntary deposit remained appellant's property throughout the period. Case-Laws Customs Fri, 06 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758174