https://www.taxtmi.com/caselaws?id=466145 Administrative practice of disposing seized gold without intimating affected persons breaches principles of natural justice and is unsustainable; affected parties are entitled to compensation at prevailing market value where seized property is destroyed or disposed, and refund calculations must reflect actual sale proceeds rather than arbitrary reduced figures. Where release for re-export is ordered, customs duty cannot be unlawfully deducted from refunds. Supervisory review permits quashing of disposal and directs payment of market rate for the specified quantity of gold within a stipulated period, with additional costs payable for non-compliance. en-us Fri, 19 Sep 2025 00:00:00 +0530 Tue, 27 Jan 2026 12:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466145 Administrative practice of disposing seized gold without intimating affected persons breaches principles of natural justice and is unsustainable; affected parties are entitled to compensation at prevailing market value where seized property is destroyed or disposed, and refund calculations must reflect actual sale proceeds rather than arbitrary reduced figures. Where release for re-export is ordered, customs duty cannot be unlawfully deducted from refunds. Supervisory review permits quashing of disposal and directs payment of market rate for the specified quantity of gold within a stipulated period, with additional costs payable for non-compliance. Case-Laws Customs Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466145