https://www.taxtmi.com/caselaws?id=773562 CESTAT New Delhi held that appellants were entitled to interest at 6% per annum on amounts deposited during investigation prior to Show Cause Notice issuance. The deposits were treated as revenue deposits rather than duty/tax amounts since Show Cause Notices were subsequently quashed under Section 73 of Finance Act, 1994. Retention of such amounts without interest violates Article 265 of Constitution. Commissioner (Appeals) correctly sanctioned refund, and Central Government Notification No. 67/2003-CE fixed interest rate at 6% under Section 11BB. Interest calculated from deposit date till realization. Appeal allowed. en-us Tue, 03 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773562 CESTAT New Delhi held that appellants were entitled to interest at 6% per annum on amounts deposited during investigation prior to Show Cause Notice issuance. The deposits were treated as revenue deposits rather than duty/tax amounts since Show Cause Notices were subsequently quashed under Section 73 of Finance Act, 1994. Retention of such amounts without interest violates Article 265 of Constitution. Commissioner (Appeals) correctly sanctioned refund, and Central Government Notification No. 67/2003-CE fixed interest rate at 6% under Section 11BB. Interest calculated from deposit date till realization. Appeal allowed. Case-Laws Customs Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773562