https://www.taxtmi.com/caselaws?id=239318 The High Court upheld the order directing the appellants to pay Rs. 2,42,500/- after deducting penalty and fine amounts. The Court found that the gold was sold before the respondent could redeem it, rendering the customs duty deduction irrelevant. Referring to legal precedents, the Court emphasized duty payment applies upon redemption, not when sale proceeds are involved. The appeal was dismissed without costs awarded. en-us Thu, 28 Feb 2013 00:00:00 +0530 Mon, 11 Nov 2013 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239318 The High Court upheld the order directing the appellants to pay Rs. 2,42,500/- after deducting penalty and fine amounts. The Court found that the gold was sold before the respondent could redeem it, rendering the customs duty deduction irrelevant. Referring to legal precedents, the Court emphasized duty payment applies upon redemption, not when sale proceeds are involved. The appeal was dismissed without costs awarded. Case-Laws Customs Thu, 28 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239318