https://www.taxtmi.com/caselaws?id=44089 The Customs, Excise and Gold (Control) Appellate Tribunal allowed the jewellery to be cleared on payment of a fine and reduced the penalty amount imposed under the Customs Act, 1962. However, the Customs Department disposed of the jewellery before the Tribunal's order, leading the court to deny the petitioner's request for return based on current market rates. The court directed the respondents to refund a specific amount to the petitioner, deducting the redemption fine and penalty already refunded, with interest at a specified rate. The court granted relief to the petitioner by ordering the refund and interest payment, without awarding any costs. en-us Thu, 10 Mar 1994 00:00:00 +0530 Wed, 23 Jun 2010 09:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44089 The Customs, Excise and Gold (Control) Appellate Tribunal allowed the jewellery to be cleared on payment of a fine and reduced the penalty amount imposed under the Customs Act, 1962. However, the Customs Department disposed of the jewellery before the Tribunal's order, leading the court to deny the petitioner's request for return based on current market rates. The court directed the respondents to refund a specific amount to the petitioner, deducting the redemption fine and penalty already refunded, with interest at a specified rate. The court granted relief to the petitioner by ordering the refund and interest payment, without awarding any costs. Case-Laws Customs Thu, 10 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44089