https://www.taxtmi.com/caselaws?id=47137 The court upheld the Customs, Excise and Gold (Control) Appellate Tribunal's decision to grant a refund of customs duty amounting to Rs. 6,81,923 to the respondents for three confiscated trawlers purchased for deep-sea fishing. The court dismissed the Customs Authorities' challenge, confirming the applicability of sub-section (5) of Section 27 of the Customs Act to the refund claim. The change in law during the appeal proceedings was deemed applicable, leading to the discharge of the bank guarantee post-judgment and affirming the entitlement to the refund. en-us Fri, 25 Apr 2003 00:00:00 +0530 Tue, 27 Jul 2010 11:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47137 The court upheld the Customs, Excise and Gold (Control) Appellate Tribunal's decision to grant a refund of customs duty amounting to Rs. 6,81,923 to the respondents for three confiscated trawlers purchased for deep-sea fishing. The court dismissed the Customs Authorities' challenge, confirming the applicability of sub-section (5) of Section 27 of the Customs Act to the refund claim. The change in law during the appeal proceedings was deemed applicable, leading to the discharge of the bank guarantee post-judgment and affirming the entitlement to the refund. Case-Laws Customs Fri, 25 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47137