https://www.taxtmi.com/caselaws?id=795679 Delayed refund of an amount deposited during investigation attracts interest at 12% per annum where the underlying duty demand has been set aside and no statutory provision prescribed the applicable interest rate for the relevant period. A jurisdictional High Court ruling requiring 12% interest binds the Tribunal within that territorial jurisdiction despite contrary views of other High Courts. The notification prescribing 6% interest under Section 129EE does not apply to this category of refund. The deposit must therefore be refunded with interest at 12% per annum. en-us Wed, 22 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795679 Delayed refund of an amount deposited during investigation attracts interest at 12% per annum where the underlying duty demand has been set aside and no statutory provision prescribed the applicable interest rate for the relevant period. A jurisdictional High Court ruling requiring 12% interest binds the Tribunal within that territorial jurisdiction despite contrary views of other High Courts. The notification prescribing 6% interest under Section 129EE does not apply to this category of refund. The deposit must therefore be refunded with interest at 12% per annum. Case-Laws Customs Wed, 22 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795679