https://www.taxtmi.com/caselaws?id=390005 The Court held that the Petitioner, a private limited company, was entitled to 50% of the determined value of goods seized by the Directorate General of Central Excise Intelligence. The Respondent was directed to refund this amount within one month, with interest at 9% applicable for delays. The Court also ordered the Respondent to remove or dispose of the goods within a month; otherwise, the Petitioner could handle the disposal. The judgment aimed to balance the responsibilities of both parties in the loss of goods, providing compensation and a disposal mechanism. en-us Thu, 19 Dec 2019 00:00:00 +0530 Tue, 27 Oct 2020 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390005 The Court held that the Petitioner, a private limited company, was entitled to 50% of the determined value of goods seized by the Directorate General of Central Excise Intelligence. The Respondent was directed to refund this amount within one month, with interest at 9% applicable for delays. The Court also ordered the Respondent to remove or dispose of the goods within a month; otherwise, the Petitioner could handle the disposal. The judgment aimed to balance the responsibilities of both parties in the loss of goods, providing compensation and a disposal mechanism. Case-Laws Central Excise Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390005