Customs Tribunal Orders Release of Seized Goods Sale Proceeds with Interest

The Tribunal directed the Commissioner of Customs to hand over the sale proceeds of the seized goods to the appellant by a specified date along with applicable interest under Section 129E of the Customs Act, 1962. The appellant was granted the option to approach the Tribunal if the amount was not received by the due date, and the miscellaneous application was allowed accordingly.

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Issues involved:
Release of seized goods during pendency of appeal, entitlement to sale proceeds and interest under Section 129E of Customs Act, 1962.

Analysis:
The appellant's appeal was allowed with consequential relief, but the seized goods were disposed of by Revenue during the appeal. The appellant sought the sale proceeds of the impugned goods along with interest under Section 129E of the Customs Act, 1962. The AR informed that the Revenue has decided to accept the final order, pending concurrence by the Chief Commissioner, Patna. After considering submissions, the Tribunal directed the Commissioner of Customs to hand over the sale proceeds to the appellant by a specified date along with applicable interest. The appellant was given the option to approach the Tribunal if the amount was not received by the due date, and the miscellaneous application was allowed accordingly.

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