https://www.taxtmi.com/caselaws?id=46107 The Supreme Court ruled in favor of the petitioner in a case concerning liability for payment of imported goods sold in auction by the International Airport Authority of India. The court held that the Airport Authority was primarily liable to pay the petitioner the value of the goods, amounting to Rs. 65 lakhs with 12% interest from August 1995. The first respondent was directed to make the payment and could seek recovery from the second respondent as per the law. The court emphasized the duty of the custodian of imported goods and the obligation to handle such matters fairly, awarding costs to the petitioner. en-us Mon, 10 Dec 2001 00:00:00 +0530 Thu, 15 Jul 2010 17:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46107 The Supreme Court ruled in favor of the petitioner in a case concerning liability for payment of imported goods sold in auction by the International Airport Authority of India. The court held that the Airport Authority was primarily liable to pay the petitioner the value of the goods, amounting to Rs. 65 lakhs with 12% interest from August 1995. The first respondent was directed to make the payment and could seek recovery from the second respondent as per the law. The court emphasized the duty of the custodian of imported goods and the obligation to handle such matters fairly, awarding costs to the petitioner. Case-Laws Customs Mon, 10 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46107