https://www.taxtmi.com/caselaws?id=441884 The Court granted the writ petition for the return of seized gold chains under the Customs Act. The petitioner was directed to pay 50% customs duty and provide a bank guarantee for the remaining amount. Upon compliance, the gold chains were to be returned within two weeks. The decision clarified the treatment of restricted items like gold under customs laws, aligning with previous judgments allowing for the release of seized gold upon payment of duty and redemption fine. en-us Tue, 01 Aug 2023 00:00:00 +0530 Sat, 19 Aug 2023 10:14:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441884 The Court granted the writ petition for the return of seized gold chains under the Customs Act. The petitioner was directed to pay 50% customs duty and provide a bank guarantee for the remaining amount. Upon compliance, the gold chains were to be returned within two weeks. The decision clarified the treatment of restricted items like gold under customs laws, aligning with previous judgments allowing for the release of seized gold upon payment of duty and redemption fine. Case-Laws Customs Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441884