https://www.taxtmi.com/caselaws?id=793152 Provisional release of seized gold and gold jewellery under Section 110A of the Customs Act was held to be justified where the goods were shown as carried for business purposes and supported by GST stock records. The Tribunal found no material to treat them as imported or prohibited goods, and held that pending adjudication or the possibility of future confiscation did not by itself justify refusal of release. It further noted that, even if confiscation were later ordered, redemption fine under Section 125 would remain available. Reliance on investigation statements alone was insufficient to deny interim release. Release was therefore allowed subject to bond and bank guarantee conditions. en-us Tue, 02 Jun 2026 00:00:00 +0530 Wed, 10 Jun 2026 07:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793152 Provisional release of seized gold and gold jewellery under Section 110A of the Customs Act was held to be justified where the goods were shown as carried for business purposes and supported by GST stock records. The Tribunal found no material to treat them as imported or prohibited goods, and held that pending adjudication or the possibility of future confiscation did not by itself justify refusal of release. It further noted that, even if confiscation were later ordered, redemption fine under Section 125 would remain available. Reliance on investigation statements alone was insufficient to deny interim release. Release was therefore allowed subject to bond and bank guarantee conditions. Case-Laws Customs Tue, 02 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793152