https://www.taxtmi.com/caselaws?id=210556 The case involved the confiscation of gold bars from a residential premises and the imposition of a penalty, which was challenged before the Tribunal. The final order set aside the confiscation and penalty, allowing the release of the gold bars without any penalty. The Revenue's appeal was dismissed, and a refund of the pre-deposit amount was granted. The issue of interest on the sale proceeds of the confiscated goods was denied based on statutory provisions. However, the decision on interest on the refund of the pre-deposit amount was remanded for further consideration by the Appellate Authority. en-us Fri, 13 Jan 2012 00:00:00 +0530 Tue, 14 Feb 2012 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210556 The case involved the confiscation of gold bars from a residential premises and the imposition of a penalty, which was challenged before the Tribunal. The final order set aside the confiscation and penalty, allowing the release of the gold bars without any penalty. The Revenue's appeal was dismissed, and a refund of the pre-deposit amount was granted. The issue of interest on the sale proceeds of the confiscated goods was denied based on statutory provisions. However, the decision on interest on the refund of the pre-deposit amount was remanded for further consideration by the Appellate Authority. Case-Laws Customs Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210556