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Customs - Highlights / Catch Notes

Home Highlights February 2024 Year 2024 This

Seeking refund the pre-deposit along with applicable interest - ...

Customs

February 24, 2024

Seeking refund the pre-deposit along with applicable interest - recovery of cash and seizure of goods of foreign origin - contravention of EXIM Policy - The High court concludes that the petitioner is entitled to interest on the entire amount deposited, including the redemption fine and penalty, as the revenue authority retained the amount without any legal right.

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