https://www.taxtmi.com/caselaws?id=328918 The court directed the provisional release of 15.160 Kgs of gold bars seized from the respondent upon fulfillment of conditions including payment of 100% duty and offering a bank guarantee for the entire value of the gold. The respondent's claim of being a legitimate dealer was countered by the appellants' argument of illegal importation from Bangladesh, potentially leading to confiscation under the Customs Act. The court emphasized safeguarding revenue interests, modifying conditions to ensure full security for the gold's value, ultimately disposing of the appeals without costs. en-us Fri, 03 Jun 2016 00:00:00 +0530 Fri, 17 Jun 2016 10:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328918 The court directed the provisional release of 15.160 Kgs of gold bars seized from the respondent upon fulfillment of conditions including payment of 100% duty and offering a bank guarantee for the entire value of the gold. The respondent's claim of being a legitimate dealer was countered by the appellants' argument of illegal importation from Bangladesh, potentially leading to confiscation under the Customs Act. The court emphasized safeguarding revenue interests, modifying conditions to ensure full security for the gold's value, ultimately disposing of the appeals without costs. Case-Laws Customs Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328918