Case Law Analysis
|Custom, Excise & Service Tax Tribunal
Section 27 Customs Act | 12% Interest Mandatory on Refund of Deposits Made Under Mistaken Liability : CESTAT Kolkata
CESTAT Kolkata reaffirms that refunds of customs deposits made under a mistaken notion of liability attract 12% interest from the date of deposit to refund. The ruling underscores the government’s obligation to compensate importers for unlawful retention of funds, reinforcing judicial precedent on restitution under Section 27 of the Customs Act.