https://www.taxtmi.com/caselaws?id=772165 The HC quashed the customs refund order dated 20.03.2024 that sanctioned only Rs. 19,69,787/- against petitioner's claim of Rs. 41,47,261/-. The court held that Instruction No. 22/2022-Customs could not be applied retrospectively to a 2020 gold sale and cannot override binding judicial precedents requiring refund calculation based on market value on refund date. The respondent failed to provide procedural fairness by not allowing petitioner to respond to the instruction and did not consider established legal principles. The matter was remanded for fresh consideration with directions to grant personal hearing and pass a speaking order by 31.07.2025. en-us Thu, 08 May 2025 00:00:00 +0530 Fri, 27 Jun 2025 14:31:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772165 The HC quashed the customs refund order dated 20.03.2024 that sanctioned only Rs. 19,69,787/- against petitioner's claim of Rs. 41,47,261/-. The court held that Instruction No. 22/2022-Customs could not be applied retrospectively to a 2020 gold sale and cannot override binding judicial precedents requiring refund calculation based on market value on refund date. The respondent failed to provide procedural fairness by not allowing petitioner to respond to the instruction and did not consider established legal principles. The matter was remanded for fresh consideration with directions to grant personal hearing and pass a speaking order by 31.07.2025. Case-Laws Customs Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772165