https://www.taxtmi.com/caselaws?id=793641 Customs authorities cannot auction confiscated gold without notice to the owner while statutory remedies remain pending, particularly where the governing circular requires notice and no urgency based on perishability or hazard exists; doing so breaches prescribed procedure and natural justice. Where a de novo order later permits redemption after the gold has already been disposed of, restitution is not confined to a tariff value fixed on transfer to SPMCIL. The fair basis is the prevailing market value of the gold on the date of the de novo redemption order, subject to deduction of redemption fine, duty and penalties lawfully recoverable. en-us Tue, 16 Jun 2026 00:00:00 +0530 Sat, 20 Jun 2026 08:04:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793641 Customs authorities cannot auction confiscated gold without notice to the owner while statutory remedies remain pending, particularly where the governing circular requires notice and no urgency based on perishability or hazard exists; doing so breaches prescribed procedure and natural justice. Where a de novo order later permits redemption after the gold has already been disposed of, restitution is not confined to a tariff value fixed on transfer to SPMCIL. The fair basis is the prevailing market value of the gold on the date of the de novo redemption order, subject to deduction of redemption fine, duty and penalties lawfully recoverable. Case-Laws Customs Tue, 16 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793641