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2018 (8) TMI 907 - CESTAT CHENNAIRefund of the security deposit - denial of refund on the ground that the appellant has not preferred appeal against the imposition of redemption fine and penalty. Held that:- The adjudicating authority has correctly imposed redemption fine as well as penalty. Only after passing the order, the appellant can chose to redeem the goods or waive the option to redeem the goods. In such circumstances, after passing the order, the appellant has chosen not to redeem the goods and filed refund claim for balance security deposit. The security deposit is not in the nature of duty or interest. It is only an amount paid by the appellant as a security for the dues that may arise in case of adjudication proceedings. Since the appellant has not opted to redeem the goods, the balance amount after adjusting the penalty has to be returned to the appellant. Rejection of refund not justified - appeal allowed - decided in favor of appellant.
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