https://www.taxtmi.com/caselaws?id=770401 The SC resolved a complex dispute involving gold confiscation, determining that the Customs Department's 2000 confiscation order vested ownership in the Central Government, superseding prior claims by MMTC and Indian Bank. Upon MMTC's payment of customs duties and penalties, the Court ordered gold restoration to MMTC, effectively nullifying competing first charge claims by rejecting the banks' priority arguments based on the overriding statutory confiscation. en-us Thu, 24 Apr 2025 00:00:00 +0530 Sat, 10 May 2025 08:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770401 The SC resolved a complex dispute involving gold confiscation, determining that the Customs Department's 2000 confiscation order vested ownership in the Central Government, superseding prior claims by MMTC and Indian Bank. Upon MMTC's payment of customs duties and penalties, the Court ordered gold restoration to MMTC, effectively nullifying competing first charge claims by rejecting the banks' priority arguments based on the overriding statutory confiscation. Case-Laws Customs Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770401