Home Case Index All Cases Customs Customs + AT Customs - 2017 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (6) TMI 742 - AT - CustomsInterest on refund of sale proceeds of confiscated Gold bars - case of appellant is that while refunding the sale proceeds, they should have also been given interest from the date of sale of the goods till the date of refund of the amount - Held that: - Hon’ble High Court of Madras in the case of Collector of Customs, Madras Vs. Meena A. Bharwani [2001 (9) TMI 126 - HIGH COURT OF JUDICATURE AT MADRAS], wherein it was held that whenever Revenue disposes of the confiscated goods during the pendency of the legal proceedings, the litigant is entitled to the refund of the sale proceeds along with payment of interest - matter remanded to the original adjudicating authority to quantify the interest amount at the prescribed rates - appeal allowed by way of remand.
|