https://www.taxtmi.com/caselaws?id=45224 Illegally detained and confiscated imported goods entitled the importer to monetary restitution measured at the time the goods ought to have been cleared for home consumption. The SC presumed a rational importer would not import goods unless their Indian market value exceeded the CIF value plus duty, and noted the revenue did not contend comparable goods were then available cheaper; hence the authority was obliged to restore the money value of the goods wrongfully withheld. The Court declined the claimed 21% interest as excessive and, since a departmental order had already held the import legal and correctly described, directed refund of the assessed value with reasonable interest. The applications were allowed, directing payment of the goods' value with 12% interest from 01-02-1989 until payment. en-us Fri, 17 Sep 1999 00:00:00 +0530 Thu, 01 Jan 2026 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45224 Illegally detained and confiscated imported goods entitled the importer to monetary restitution measured at the time the goods ought to have been cleared for home consumption. The SC presumed a rational importer would not import goods unless their Indian market value exceeded the CIF value plus duty, and noted the revenue did not contend comparable goods were then available cheaper; hence the authority was obliged to restore the money value of the goods wrongfully withheld. The Court declined the claimed 21% interest as excessive and, since a departmental order had already held the import legal and correctly described, directed refund of the assessed value with reasonable interest. The applications were allowed, directing payment of the goods' value with 12% interest from 01-02-1989 until payment. Case-Laws Customs Fri, 17 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45224