GST Commissioner to Recover Interest on Non-Renewal of ₹2.22 Cr FDs from Officers’ Salary: Bombay HC [Read Order]
The seized cash, amounting to ₹2.22 crore, was deposited in fixed deposits by the department, but after a period of 10 years, the FDs were not renewed, leading to a loss of interest
By Manu Sharma - On September 27, 2024 10:18 am - 2 mins read
The Bombay High Court has directed the Commissioner of GST and Central Excise ( CX ) to recover interest from the salaries or retirement benefits of officers responsible for the non-renewal of fixed deposits ( FDs ) arising from seized cash during an investigation. The seized cash, amounting to ₹2.22 crore, was deposited in fixed…
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