https://www.taxtmi.com/caselaws?id=72306 The Appellate Tribunal CEGAT, Madras addressed the implementation of an order for the release of US $6200 in foreign currency confiscated by the Additional Collector of Customs, Madras. The Tribunal acknowledged the currency had been credited to the Reserve Bank of India before their order, with only Rs. 59520 equivalent available for repatriation. Despite delays and exchange rate fluctuations, the Tribunal ordered the currency to be made available to the applicant based on the exchange rate at the time of their order. The Tribunal denied the applicant's request for interest payment, citing no provision for interest under the Customs Act, and set a timeline for resolution within eight weeks. en-us Fri, 01 Nov 1985 00:00:00 +0530 Wed, 18 May 2011 13:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72306 The Appellate Tribunal CEGAT, Madras addressed the implementation of an order for the release of US $6200 in foreign currency confiscated by the Additional Collector of Customs, Madras. The Tribunal acknowledged the currency had been credited to the Reserve Bank of India before their order, with only Rs. 59520 equivalent available for repatriation. Despite delays and exchange rate fluctuations, the Tribunal ordered the currency to be made available to the applicant based on the exchange rate at the time of their order. The Tribunal denied the applicant's request for interest payment, citing no provision for interest under the Customs Act, and set a timeline for resolution within eight weeks. Case-Laws Customs Fri, 01 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72306