https://www.taxtmi.com/caselaws?id=42637 The court ruled in favor of the petitioner in a case involving the confiscation of gold under the Gold (Control) Act, 1968. The Tribunal reduced the redemption fine imposed on the petitioner after challenging the initial confiscation order. The court emphasized the petitioner's right to the return of the seized gold or its value, rejecting the government's argument that the gold had already been transferred to the Mint. Restitution in specie was deemed necessary, and the respondents were directed to return the gold or pay its value to the petitioner within a specified timeframe. en-us Mon, 20 Mar 1989 00:00:00 +0530 Sat, 12 Jun 2010 13:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42637 The court ruled in favor of the petitioner in a case involving the confiscation of gold under the Gold (Control) Act, 1968. The Tribunal reduced the redemption fine imposed on the petitioner after challenging the initial confiscation order. The court emphasized the petitioner's right to the return of the seized gold or its value, rejecting the government's argument that the gold had already been transferred to the Mint. Restitution in specie was deemed necessary, and the respondents were directed to return the gold or pay its value to the petitioner within a specified timeframe. Case-Laws Central Excise Mon, 20 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42637