https://www.taxtmi.com/caselaws?id=310972 The Tribunal directed compliance with the Final Order allowing reexport of gold jewellery seized by DRI, setting aside penalties under Sections 112, 114, and 114AA of the Customs Act, 1962. The jewellery, not cleared by the consignee, remained under the appellant's ownership. Despite pending Customs Appeals by Revenue before the HC, the Tribunal required the applicant to provide a bank guarantee of Rs. 10 lakhs to facilitate reexport, subject to the HC's decision on the appeals, which could potentially reinstate the penalties. en-us Mon, 21 Jun 2021 00:00:00 +0530 Wed, 29 Nov 2023 20:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310972 The Tribunal directed compliance with the Final Order allowing reexport of gold jewellery seized by DRI, setting aside penalties under Sections 112, 114, and 114AA of the Customs Act, 1962. The jewellery, not cleared by the consignee, remained under the appellant's ownership. Despite pending Customs Appeals by Revenue before the HC, the Tribunal required the applicant to provide a bank guarantee of Rs. 10 lakhs to facilitate reexport, subject to the HC's decision on the appeals, which could potentially reinstate the penalties. Case-Laws Customs Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310972