https://www.taxtmi.com/caselaws?id=81938 The Tribunal directed the Collector to release the seized goods and refund the penalty as per the final order. Despite the wrongful auction of the goods at a lower price, the Tribunal determined the market value at Rs. 60 per piece, ordering payment of the balance amount to the applicant. The government was held liable to preserve the goods and return them in the same condition or pay the prevailing market value. The Collector's failure to provide evidence on market price resulted in the Tribunal's final determination of Rs. 2,40,000 for the seized goods. en-us Wed, 22 Jul 1992 00:00:00 +0530 Wed, 29 Jun 2011 18:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81938 The Tribunal directed the Collector to release the seized goods and refund the penalty as per the final order. Despite the wrongful auction of the goods at a lower price, the Tribunal determined the market value at Rs. 60 per piece, ordering payment of the balance amount to the applicant. The government was held liable to preserve the goods and return them in the same condition or pay the prevailing market value. The Collector's failure to provide evidence on market price resulted in the Tribunal's final determination of Rs. 2,40,000 for the seized goods. Case-Laws Customs Wed, 22 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81938