Interest on delayed refund – Wrong/excessive collection of duty is not ‘deposit’

Global United Shipping India (P) Ltd. Vs Assistant Commissioner of Customs (Refund) (Madras High Court)

It is better to understand the difference between term “duty” and “deposit”. Certainly, both are not conveying the same meaning and intended purpose. While the “deposit”, either offered by the importer/assessee on their own or in compliance of statutory obligation, pending disposal of a proceedings, is an act as an interim measure, the “duty” is the statutory liability collected as “revenue” to the Reve

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