https://www.taxtmi.com/caselaws?id=759258 The HC set aside the customs authority's rejection of the petitioner's refund claim for Extra Duty Deposit (EDD). The court held that amounts collected during Special Valuation Branch proceedings constitute deposits, not customs duty under Section 12 of the Customs Act, 1962. These deposits are eligible for appropriation towards duty liability after final assessment. The court directed that excess amounts over actual duty payable must be refunded after Bill of Entry assessment completion, subject to no unjust enrichment under Section 27. Respondents were ordered to complete proceedings within six months. Petition allowed. en-us Wed, 21 Aug 2024 00:00:00 +0530 Sat, 01 Mar 2025 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759258 The HC set aside the customs authority's rejection of the petitioner's refund claim for Extra Duty Deposit (EDD). The court held that amounts collected during Special Valuation Branch proceedings constitute deposits, not customs duty under Section 12 of the Customs Act, 1962. These deposits are eligible for appropriation towards duty liability after final assessment. The court directed that excess amounts over actual duty payable must be refunded after Bill of Entry assessment completion, subject to no unjust enrichment under Section 27. Respondents were ordered to complete proceedings within six months. Petition allowed. Case-Laws Customs Wed, 21 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759258