https://www.taxtmi.com/caselaws?id=393024 The court upheld the confiscation of 32 undeclared gold chains by customs authorities at Chennai Airport. The petitioner was subject to a redemption fine of Rs. 50,000 and a penalty of Rs. 5,000 under the Customs Act, 1962. The court considered the petitioner's eligibility for a concessional rate of duty and reduced the penalty and redemption fine from the initial amounts imposed. The respondents were directed to refund the balance amount of Rs. 1,19,500 to the petitioner within three months. en-us Tue, 25 Feb 2020 00:00:00 +0530 Thu, 12 Nov 2020 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393024 The court upheld the confiscation of 32 undeclared gold chains by customs authorities at Chennai Airport. The petitioner was subject to a redemption fine of Rs. 50,000 and a penalty of Rs. 5,000 under the Customs Act, 1962. The court considered the petitioner's eligibility for a concessional rate of duty and reduced the penalty and redemption fine from the initial amounts imposed. The respondents were directed to refund the balance amount of Rs. 1,19,500 to the petitioner within three months. Case-Laws Customs Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393024