https://www.taxtmi.com/caselaws?id=447071 The CESTAT New Delhi allowed provisional release of 26 gold bars weighing 5kg each, rejecting customs' seizure based on alleged non-compliance with notification requirements. The tribunal found that three laboratory tests showed gold purity largely within tolerance limits, though tested using non-prescribed methods. One undersized bar (4.240kg) was excluded from release. Despite customs converting detention to seizure after duty payment of Rs. 15.20 crores under protest, the tribunal held that adequate security exceeding Rs. 17.5 crores with bond execution sufficiently protected revenue interests, making continued detention unjustified under Section 110A. en-us Tue, 05 Dec 2023 00:00:00 +0530 Mon, 18 Dec 2023 09:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447071 The CESTAT New Delhi allowed provisional release of 26 gold bars weighing 5kg each, rejecting customs' seizure based on alleged non-compliance with notification requirements. The tribunal found that three laboratory tests showed gold purity largely within tolerance limits, though tested using non-prescribed methods. One undersized bar (4.240kg) was excluded from release. Despite customs converting detention to seizure after duty payment of Rs. 15.20 crores under protest, the tribunal held that adequate security exceeding Rs. 17.5 crores with bond execution sufficiently protected revenue interests, making continued detention unjustified under Section 110A. Case-Laws Customs Tue, 05 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447071