CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL NEW DELHI PRINCIPAL BENCH- COURT NO. I CUSTOMS APPEAL No. 54730 of 2023 (Arising out of Order-in-Original No. 115/AKS/2021 dated 28.08.2021 passed by the Assistant Commissioner (Refund) of Customs, Air Cargo Complex(Imports), New Customs House, New Delhi)

M/s Nikon India Pvt Ltd, .…Appellant Plot No.-71, Sector-32, Institutional Area, Gurugram, Haryana - 122001 Versus Assistant Commissioner of Customs, .…Respondent Refund Section, Near IGI Airport, New Customs House, New Delhi- 110037 APPEARANCE Shri V. Lakshmikumaran, Shri Dhruv Matta and Shri Shobhit Jain, advocates for the appellant Shri PRV Ramanan, special counsel , and Shri Rakesh Kumar, authorised representative of the department CORAM :

HON’BLE MR. JUSTICE DILIP GUPTA, PRESIDENT HON’BLE MS. HEMAMBIKA R. PRIYA, MEMBER (TECHNICAL)

Date of Hearing : 09.04.2026 Date of Decision : 27.04.2026 FINAL ORDER NO. 50794/2026 JUSTICE DILIP GUPTA:

M/s Nikon India Pvt. Ltd.¹ has filed this appeal to assail that portion of the order dated 27.01.2023 passed by the Commissioner of Customs (Appeals)² that has denied interest to the appellant on the amount deposited by the appellant pursuant to dire