https://www.taxtmi.com/article/detailed?id=17078 Delayed refund of an amount deposited under protest during a customs investigation must be assessed by reference to the payment's legal character, the applicable statutory framework and binding jurisdictional precedent. An investigation deposit is not necessarily equivalent to admitted duty. Where the underlying demand does not survive, continued retention may require interest for loss of use of funds. The analysis states that a statutory interest rate for a specified provision or period does not automatically govern an earlier period or an uncovered investigation-deposit refund, and that jurisdictional High Court precedent must be followed. en-us Sat, 01 Aug 2026 08:35:28 +0530 Sat, 01 Aug 2026 08:35:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17078 Delayed refund of an amount deposited under protest during a customs investigation must be assessed by reference to the payment's legal character, the applicable statutory framework and binding jurisdictional precedent. An investigation deposit is not necessarily equivalent to admitted duty. Where the underlying demand does not survive, continued retention may require interest for loss of use of funds. The analysis states that a statutory interest rate for a specified provision or period does not automatically govern an earlier period or an uncovered investigation-deposit refund, and that jurisdictional High Court precedent must be followed. Articles Customs - Import - Export - SEZ Sat, 01 Aug 2026 08:35:28 +0530 https://www.taxtmi.com/article/detailed?id=17078