https://www.taxtmi.com/caselaws?id=425641 The court ruled in favor of the petitioner, finding the Detention Receipt issued by customs authorities invalid as the gold bangles were declared and no proper reason was given for detention. The petitioner was deemed eligible for concessional duty due to legitimate residency abroad and lack of evidence of smuggling. The court directed the release of the gold upon the petitioner providing a bank guarantee for 50% of the duty, citing relevant legal precedents allowing redemption of restricted goods on payment. The customs authorities were instructed to release the gold within two weeks and complete adjudication within three months. en-us Tue, 19 Jul 2022 00:00:00 +0530 Wed, 27 Jul 2022 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425641 The court ruled in favor of the petitioner, finding the Detention Receipt issued by customs authorities invalid as the gold bangles were declared and no proper reason was given for detention. The petitioner was deemed eligible for concessional duty due to legitimate residency abroad and lack of evidence of smuggling. The court directed the release of the gold upon the petitioner providing a bank guarantee for 50% of the duty, citing relevant legal precedents allowing redemption of restricted goods on payment. The customs authorities were instructed to release the gold within two weeks and complete adjudication within three months. Case-Laws Customs Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425641