https://www.taxtmi.com/caselaws?id=170300 The case involved the seizure and proposed confiscation of gold bars, coins, jewellery, and currency from two entities for alleged violations of customs laws. The Tribunal upheld the proposed confiscation of the seized goods, finding the appellants failed to prove lawful importation and payment of customs duty. It clarified that Section 28(1A) of the Customs Act only applies to duty-related matters and not other contraventions. The Tribunal deemed the redemption fines and penalties excessive, ordering provisional release of the seized goods upon payment and execution of bonds, with a stay on penalty collection pending appeal. Compliance was required within seven days. en-us Fri, 04 Mar 2011 00:00:00 +0530 Fri, 22 May 2015 10:37:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170300 The case involved the seizure and proposed confiscation of gold bars, coins, jewellery, and currency from two entities for alleged violations of customs laws. The Tribunal upheld the proposed confiscation of the seized goods, finding the appellants failed to prove lawful importation and payment of customs duty. It clarified that Section 28(1A) of the Customs Act only applies to duty-related matters and not other contraventions. The Tribunal deemed the redemption fines and penalties excessive, ordering provisional release of the seized goods upon payment and execution of bonds, with a stay on penalty collection pending appeal. Compliance was required within seven days. Case-Laws Customs Fri, 04 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170300