https://www.taxtmi.com/caselaws?id=111006 The Tribunal ordered the Revenue to refund 50% of the seized amount to the appellant within four weeks, emphasizing the appellant's entitlement to the full value of the seized goods as declared at the time of seizure. The Tribunal criticized the Revenue for paying the auctioned value instead of the seized value, highlighting the legal principle that the goods should have been held as a Trustee until the proceedings concluded. The decision underscored the importance of adhering to established legal principles and ensuring compliance with Tribunal orders in refunding confiscated goods. en-us Wed, 17 Mar 2004 00:00:00 +0530 Thu, 19 Apr 2012 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111006 The Tribunal ordered the Revenue to refund 50% of the seized amount to the appellant within four weeks, emphasizing the appellant's entitlement to the full value of the seized goods as declared at the time of seizure. The Tribunal criticized the Revenue for paying the auctioned value instead of the seized value, highlighting the legal principle that the goods should have been held as a Trustee until the proceedings concluded. The decision underscored the importance of adhering to established legal principles and ensuring compliance with Tribunal orders in refunding confiscated goods. Case-Laws Customs Wed, 17 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111006