https://www.taxtmi.com/caselaws?id=242157 Where confiscated goods had already been sold by Customs in public auction after absolute confiscation was set aside, the applicant's claim for the actual value of the goods was rejected. The earlier final order was treated as requiring only implementation through payment of the auction proceeds already realised. Reliance on customs notifications governing disposal of seized goods and depreciation over time supported the view that no additional amount beyond the auction amount was payable. The operative effect was limited to release of the auction proceeds, not replacement of the goods' full market value. en-us Fri, 01 Jul 2011 00:00:00 +0530 Thu, 09 Jan 2014 09:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242157 Where confiscated goods had already been sold by Customs in public auction after absolute confiscation was set aside, the applicant's claim for the actual value of the goods was rejected. The earlier final order was treated as requiring only implementation through payment of the auction proceeds already realised. Reliance on customs notifications governing disposal of seized goods and depreciation over time supported the view that no additional amount beyond the auction amount was payable. The operative effect was limited to release of the auction proceeds, not replacement of the goods' full market value. Case-Laws Customs Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242157