2003 (4) TMI 114

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....sh the order of the second respondent dated 24-9-2002 and directing the first respondent to pay the interest of Rs. 1,47,798/-. 2.The facts giving rise to the present writ petition are as follows : On 27-11-1989 the authorities under the respondent had seized Indian currency Notes worth Rs. 4,25,000/-. Subsequently, the Commissioner of Customs passed an order for confiscation of gold bars and c....

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....g with interest @ 12% per annum as has been directed in the cited judgment within 1 month from the date of receipt of this order. Subsequently, the Department after adjusting the pre-deposit amount of Rs. 25,000/- towards penalty and further adjusting the balance sum of Rs. 75,000/- payable towards penalty, refunded a sum of Rs. 3,50,000/- along with a further sum of Rs. 33,278/- towards interest.....

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....from the date of seizure. However, on the basis of the subsequent application, the Tribunal had directed for payment of the amount along with interest at the rate of 12% per annum. It must be construed that at least from the date of disposal of the appeal interest on Rs. 4,25,000/- should be calculated. The liability to pay the amount arose on the date when the appellate order was passed if not ea....