https://www.taxtmi.com/caselaws?id=48243 The appeal against the final order passed by CESTAT regarding a refund application for excess cash security deposit under the Customs Act, 1962 was dismissed. The Tribunal upheld the decision of the Commissioner of Customs (Appeals) that the time limit under Section 27 of the Customs Act does not apply to the refund of security deposit as it is not considered duty. The CESTAT emphasized that a bank guarantee cannot be equated to payment of duty, citing precedents where it was established that Section 27 does not apply to bank guarantees. No costs were awarded in this case. en-us Thu, 19 Jun 2008 00:00:00 +0530 Tue, 03 Aug 2010 13:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48243 The appeal against the final order passed by CESTAT regarding a refund application for excess cash security deposit under the Customs Act, 1962 was dismissed. The Tribunal upheld the decision of the Commissioner of Customs (Appeals) that the time limit under Section 27 of the Customs Act does not apply to the refund of security deposit as it is not considered duty. The CESTAT emphasized that a bank guarantee cannot be equated to payment of duty, citing precedents where it was established that Section 27 does not apply to bank guarantees. No costs were awarded in this case. Case-Laws Customs Thu, 19 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48243