https://www.taxtmi.com/caselaws?id=781991 CESTAT Ahmedabad held that a Single Member Bench has jurisdiction to decide appeals involving only interest on refund of revenue deposits, as interest is distinct from duty, fine, or penalty and is not excluded under Section 129C(4) of the Customs Act, 1962. The Tribunal followed consistent precedents, including those rendered in writ or equity jurisdiction, recognizing them as binding where they embody settled legal principles on compensation for wrongful retention of money. It was held that a separate application for interest is maintainable. The appeal was allowed, directing payment of interest at 12% p.a. on the refunded deposit of ?5 crore from the date of deposit until refund. en-us Thu, 20 Nov 2025 00:00:00 +0530 Mon, 24 Nov 2025 11:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781991 CESTAT Ahmedabad held that a Single Member Bench has jurisdiction to decide appeals involving only interest on refund of revenue deposits, as interest is distinct from duty, fine, or penalty and is not excluded under Section 129C(4) of the Customs Act, 1962. The Tribunal followed consistent precedents, including those rendered in writ or equity jurisdiction, recognizing them as binding where they embody settled legal principles on compensation for wrongful retention of money. It was held that a separate application for interest is maintainable. The appeal was allowed, directing payment of interest at 12% p.a. on the refunded deposit of ?5 crore from the date of deposit until refund. Case-Laws Customs Thu, 20 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781991