Interest payable by department on refund of seized currency

Matta Paints And Hardware Store Vs Commissioner Central Tax (CESTAT Delhi) CESTAT Delhi held that once the confiscation of seized currency is set aside, the appellant is entitled for refund of said seized currency along with interest. Department cannot deny payment of interest merely for the reason that there is no express statutory provision for the same. Facts- During the course of search operation, an amount of Rs. 12,53,500/- was seized by the Anti Evasion team. The said currency were proposed to be confiscated vide common show cause notice No.579 dated 13.3.2012. The said proposal was con...