2013 (1) TMI 413

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....a.   1. This is an appeal filed by the Appellant against Order-in-Appeal No.11/Kol-I/2010 dated 25.02.2010 passed by the Ld.Commissioner of Central Excise, Kolkata. 2. Narrating the facts of the case, the Ld.Consultant for the Appellant has submitted that Indian currency amounting to Rs.3,20,000/- had been seized from the Appellant, a regd. Central Excise dealer, way back in the year 19....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nterest on the currency seized, even though the seizure of currency was later found to be not correct. 4. In his rejoinder Ld.Advocate submitted that this Tribunal in the case of Sunder Steels Ltd. vs. Commr. of Cus. & C.Ex.(A), Hyderabad 2008 (225) E.L.T. 472(Tri.-Bang.) held that no statutory provision is required for refund of interest. Also, he has referred to the judgement of Hon ble Supre....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Department. 5. Heard both sides and perused the record. It is not in dispute that the currency of Rs.3,20,000/- has been seized from the Appellant in 15.01.1996 and after litigating for a decade they finally succeeded to get back the amount on 29.07.2008. The Appellant, now came before this Tribunal seeking interest on the said amount of seized currency for the period of retention by the deptt....