https://www.taxtmi.com/caselaws?id=763791 The court addressed the legality of gold bar confiscation under the Customs Act, 1962, and the subsequent disposal of the seized gold by customs authorities. It found the confiscation lawful due to the petitioner's failure to declare the gold. However, the disposal of the gold violated the court's interim order. The court ruled that if the petitioner succeeds in the pending appeal, the respondents must compensate the petitioner with the market price of the gold. The court emphasized compliance with judicial orders and allowed the petitioner to pursue provisional release through the appellate process. en-us Wed, 18 Dec 2024 00:00:00 +0530 Sat, 28 Dec 2024 08:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763791 The court addressed the legality of gold bar confiscation under the Customs Act, 1962, and the subsequent disposal of the seized gold by customs authorities. It found the confiscation lawful due to the petitioner's failure to declare the gold. However, the disposal of the gold violated the court's interim order. The court ruled that if the petitioner succeeds in the pending appeal, the respondents must compensate the petitioner with the market price of the gold. The court emphasized compliance with judicial orders and allowed the petitioner to pursue provisional release through the appellate process. Case-Laws Customs Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763791