https://www.taxtmi.com/caselaws?id=766575 The Delhi HC disposed of a petition concerning additional compensation for confiscated gold weighing 755.50 grams. The petitioner claimed entitlement to Rs. 3.14 lakhs additional compensation due to customs duty differences. However, the court found that the petitioner had already received proper compensation under Instruction No. 22/2022-Customs, which determines gold value based on average market prices from three national economic dailies. The court calculated that due to gold price appreciation over 10 years (approximately Rs. 370 per 10 grams difference), the petitioner actually received around Rs. 2.8 lakhs additional value, negating the claimed shortfall. The petition was disposed of as the prayers were already satisfied. en-us Tue, 11 Feb 2025 00:00:00 +0530 Fri, 28 Feb 2025 08:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766575 The Delhi HC disposed of a petition concerning additional compensation for confiscated gold weighing 755.50 grams. The petitioner claimed entitlement to Rs. 3.14 lakhs additional compensation due to customs duty differences. However, the court found that the petitioner had already received proper compensation under Instruction No. 22/2022-Customs, which determines gold value based on average market prices from three national economic dailies. The court calculated that due to gold price appreciation over 10 years (approximately Rs. 370 per 10 grams difference), the petitioner actually received around Rs. 2.8 lakhs additional value, negating the claimed shortfall. The petition was disposed of as the prayers were already satisfied. Case-Laws Customs Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766575