https://www.taxtmi.com/caselaws?id=376962 The High Court remanded the case to the Tribunal to determine the redemption fine for seized gold biscuits based on the market value at the time of seizure, not the date of passing the order. The Tribunal's decision aligned with past precedents, setting the redemption fine at Rs. 3,70,000, despite the department's higher estimations. Emphasizing adherence to legal provisions and consistency in customs enforcement, the judgment established valuing goods at seizure as crucial for determining redemption fines, concluding the appellant's appeal and providing a precedent for future cases. en-us Mon, 18 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 10:20:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376962 The High Court remanded the case to the Tribunal to determine the redemption fine for seized gold biscuits based on the market value at the time of seizure, not the date of passing the order. The Tribunal's decision aligned with past precedents, setting the redemption fine at Rs. 3,70,000, despite the department's higher estimations. Emphasizing adherence to legal provisions and consistency in customs enforcement, the judgment established valuing goods at seizure as crucial for determining redemption fines, concluding the appellant's appeal and providing a precedent for future cases. Case-Laws Customs Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376962