https://www.taxtmi.com/caselaws?id=270547 The Tribunal ruled in favor of the appellant, ordering the provisional release of the seized currency under the Central Excise Act, 1944. It held that the power to seize goods includes the power to provisionally release them, emphasizing that currency falls under the definition of "goods" in the Customs Act, 1962. The Tribunal found the Commissioner's rejection of the release request legally unsustainable and concluded that releasing the currency would enable the appellant to settle the duty liability, safeguarding the interest of the Revenue. en-us Wed, 07 Oct 2015 00:00:00 +0530 Sat, 05 Nov 2016 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270547 The Tribunal ruled in favor of the appellant, ordering the provisional release of the seized currency under the Central Excise Act, 1944. It held that the power to seize goods includes the power to provisionally release them, emphasizing that currency falls under the definition of "goods" in the Customs Act, 1962. The Tribunal found the Commissioner's rejection of the release request legally unsustainable and concluded that releasing the currency would enable the appellant to settle the duty liability, safeguarding the interest of the Revenue. Case-Laws Central Excise Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270547