https://www.taxtmi.com/caselaws?id=797662 Interest on refunded redemption fine is governed by restitution principles where confiscation is set aside. Redemption fine paid for release of confiscated goods becomes a revenue deposit, not a customs duty refund; therefore, the delayed-refund mechanism under Section 27A, which runs from the refund application date, does not apply. Compensatory interest is payable for the full period during which the Department retained money not legally due. The assessee is entitled to interest at 12% per annum from the date of deposit of redemption fine until its actual refund. en-us Fri, 21 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797662 Interest on refunded redemption fine is governed by restitution principles where confiscation is set aside. Redemption fine paid for release of confiscated goods becomes a revenue deposit, not a customs duty refund; therefore, the delayed-refund mechanism under Section 27A, which runs from the refund application date, does not apply. Compensatory interest is payable for the full period during which the Department retained money not legally due. The assessee is entitled to interest at 12% per annum from the date of deposit of redemption fine until its actual refund. Case-Laws Customs Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797662