https://www.taxtmi.com/caselaws?id=2699 The court allowed the release of the imported fabric at a specific value pending adjudication, based on the thickness and value provided by the petitioner. It directed the release of the goods at a lower rate per meter, rejecting the respondents' claim regarding the seized Indian currency as proceeds from smuggled goods. The court emphasized the lack of evidence to classify the goods as smuggled and granted relief to the petitioner, releasing the seized currency and relieving them from the bank balance requirement. The judgment referenced legal precedents and disposed of a related writ petition in alignment with the interim application decisions. en-us Tue, 18 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2699 The court allowed the release of the imported fabric at a specific value pending adjudication, based on the thickness and value provided by the petitioner. It directed the release of the goods at a lower rate per meter, rejecting the respondents' claim regarding the seized Indian currency as proceeds from smuggled goods. The court emphasized the lack of evidence to classify the goods as smuggled and granted relief to the petitioner, releasing the seized currency and relieving them from the bank balance requirement. The judgment referenced legal precedents and disposed of a related writ petition in alignment with the interim application decisions. Case-Laws Customs Tue, 18 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2699