https://www.taxtmi.com/caselaws?id=792183 An amount deposited during investigation before any assessment, adjudication or confirmed duty liability arises remains a deposit or pre-deposit and cannot be partly appropriated as duty merely because it was credited under the customs head of account. The entire deposited sum was therefore treated as pre-deposit in the facts stated. On refund, only statutory interest was recoverable, and interest was payable on the full refunded amount for the period prescribed by law under section 129EE of the Customs Act, 1962, with no claim for interest on interest. The refund orders were set aside and the matter was remitted only for recalculation of interest on the whole deposit. en-us Thu, 30 Apr 2026 00:00:00 +0530 Thu, 21 May 2026 11:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792183 An amount deposited during investigation before any assessment, adjudication or confirmed duty liability arises remains a deposit or pre-deposit and cannot be partly appropriated as duty merely because it was credited under the customs head of account. The entire deposited sum was therefore treated as pre-deposit in the facts stated. On refund, only statutory interest was recoverable, and interest was payable on the full refunded amount for the period prescribed by law under section 129EE of the Customs Act, 1962, with no claim for interest on interest. The refund orders were set aside and the matter was remitted only for recalculation of interest on the whole deposit. Case-Laws Customs Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792183