Interest payable on amount deposited during investigation and later refunded back: CESTAT Delhi

Churchit International Vs Commissioner of Customs (Export) (CESTAT Delhi) CESTAT Delhi held that interest is payable on amount deposited during the course of investigation and refunded back due to NIL. Interest is payable at the rate of 12% from the date of deposit till the date of refund. Facts- The issue pertains to refund of amount of interest paid on the amount collected during course of investigation which was paid much before issuance of Show cause Notice. The principle amount was ultimately refunded since no demand was ever confirmed against the appellant. However, the issue of refund o...