Security deposit is not governed by provisions of Section 27 of Customs Act

Komatsu India Private Limited Vs Commissioner of Customs (CESTAT Chennai) It is not the case of the Revenue that what the appellant claimed was the refund of the duty paid and there is also no dispute that the appellant claimed only the security deposit made. The Hon’ble jurisdictional High Court in the case of M/s. Cable Corporation of India Ltd. (supra) has considered a similar issue and has ruled as under:- “4. The issues involved in the present case are squarely covered by the decision in the case of Commissioner of Customs, Chennai v. Aristo Spinners Ltd., 2008 (226)  E. L. T. 42 (Ma...