https://www.taxtmi.com/article/detailed?id=12968 The court held that while a departmental circular for pre-deposits did not apply to seized cash refunds, the Department, as trustee of seized funds, cannot retain interest earned on fixed deposits made from such cash; interest payable should reflect the actual bank interest earned, and administrative responsibility must be fixed where fixed deposits were not renewed or interest calculations are unexplained. en-us Fri, 27 Sep 2024 11:49:25 +0530 Fri, 27 Sep 2024 11:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12968 The court held that while a departmental circular for pre-deposits did not apply to seized cash refunds, the Department, as trustee of seized funds, cannot retain interest earned on fixed deposits made from such cash; interest payable should reflect the actual bank interest earned, and administrative responsibility must be fixed where fixed deposits were not renewed or interest calculations are unexplained. Articles Central Excise Fri, 27 Sep 2024 11:49:25 +0530 https://www.taxtmi.com/article/detailed?id=12968