https://www.taxtmi.com/caselaws?id=121170 The Tribunal ruled in favor of the appellant in a customs case involving the reimbursement of seized goods. Despite a higher value indicated in the Mahazar, the appellant's declaration of purchasing the goods at a lower price was crucial. The auction amount was deemed the proper basis for reimbursement, subject to deduction of expenses. The department was directed to reimburse the balance to the appellant within a month. This decision clarified the principles governing reimbursement of seized goods, emphasizing the importance of the declared purchase price and auction amount in determining reimbursement value. en-us Mon, 19 Feb 2007 00:00:00 +0530 Fri, 27 Jul 2012 11:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121170 The Tribunal ruled in favor of the appellant in a customs case involving the reimbursement of seized goods. Despite a higher value indicated in the Mahazar, the appellant's declaration of purchasing the goods at a lower price was crucial. The auction amount was deemed the proper basis for reimbursement, subject to deduction of expenses. The department was directed to reimburse the balance to the appellant within a month. This decision clarified the principles governing reimbursement of seized goods, emphasizing the importance of the declared purchase price and auction amount in determining reimbursement value. Case-Laws Central Excise Mon, 19 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121170