2015 (11) TMI 204 - HC - Customs

Release of foreign currency seized earlier - refund of arrears - modification/clarification of earlier order 2014 (3) TMI 55 - BOMBAY HIGH COURT - grant of interest on such seizure as interest on arrears of refund - Held that - Customs Department to refund the amount of US 289250 in Indian rupees at the buying rate of US on the date of transfer by RTGS mode of transfer. Petition disposed of.

Summary

The Bombay High Court allowed the Customs Department to refund US $289250 to the petitioner in Indian rupees at the buying rate on the date of transfer by RTGS mode on or before 21 February 2014.