Interest can’t be allowed on Seized Currency notes on Release: CESTAT [Read Order]

Interest - Seized Currency notes on Release - Seized Currency notes - CESTAT - taxscan

The Delhi Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT)has held that interest can’t be allowed on Seized Currency notes on the release. On the premises of Matta Paints and Hardware Store, the appellants were searched, under the intelligence against the main notice M/s. Real  Paint,  on 13.09.2011  on the allegations that…

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