https://www.taxtmi.com/caselaws?id=305428 When confiscation of seized goods is later set aside after the goods have already been sold, the affected party may claim the shortfall between the goods' stated value and the sale proceeds, together with interest, if the refund of proceeds does not fully restore the loss caused by seizure. The Patna HC treated the refund of sale proceeds as insufficient compensation on the facts presented and sustained the entitlement to the differential amount with interest. The appellate challenge was unsuccessful, and the relief granted to the writ petitioner remained in force. en-us Fri, 31 Aug 2012 00:00:00 +0530 Sat, 03 Dec 2022 15:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305428 When confiscation of seized goods is later set aside after the goods have already been sold, the affected party may claim the shortfall between the goods' stated value and the sale proceeds, together with interest, if the refund of proceeds does not fully restore the loss caused by seizure. The Patna HC treated the refund of sale proceeds as insufficient compensation on the facts presented and sustained the entitlement to the differential amount with interest. The appellate challenge was unsuccessful, and the relief granted to the writ petitioner remained in force. Case-Laws Customs Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305428