https://www.taxtmi.com/caselaws?id=336788 The court dismissed the petition challenging the customs duty penalty and confiscation of gold under the Customs Act. It held that despite depositing the duty and penalty within the specified time, customs authorities retained jurisdiction for confiscation. The court emphasized the revenue's right to confiscate in cases of short levy or misdeclaration. It directed the petitioner to appeal to the Commissioner (Appeals) within two weeks, stressing that the appeal should be considered on its merits despite being time-barred. This decision aimed to ensure a fair evaluation of the case and highlighted the importance of pursuing proper appellate remedies. en-us Fri, 30 Sep 2016 00:00:00 +0530 Mon, 06 Feb 2017 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336788 The court dismissed the petition challenging the customs duty penalty and confiscation of gold under the Customs Act. It held that despite depositing the duty and penalty within the specified time, customs authorities retained jurisdiction for confiscation. The court emphasized the revenue's right to confiscate in cases of short levy or misdeclaration. It directed the petitioner to appeal to the Commissioner (Appeals) within two weeks, stressing that the appeal should be considered on its merits despite being time-barred. This decision aimed to ensure a fair evaluation of the case and highlighted the importance of pursuing proper appellate remedies. Case-Laws Customs Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336788