https://www.taxtmi.com/caselaws?id=801563 Disposal of seized gold without statutory prior notice to its owner under Section 150(1) makes the applicable valuation, if confiscation proceedings ultimately favour the owner, the fair market value on the date release is directed rather than the historical sale proceeds. A pending departmental appeal against non-confiscation leaves abatement and confiscation merits for appellate determination. Immediate disbursement of the gold's value against bank guarantees is not available while that appeal remains unresolved; expedited appellate determination and subsequent conditional payment govern release. en-us Fri, 16 Oct 2026 00:00:00 +0530 Fri, 23 Oct 2026 08:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801563 Disposal of seized gold without statutory prior notice to its owner under Section 150(1) makes the applicable valuation, if confiscation proceedings ultimately favour the owner, the fair market value on the date release is directed rather than the historical sale proceeds. A pending departmental appeal against non-confiscation leaves abatement and confiscation merits for appellate determination. Immediate disbursement of the gold's value against bank guarantees is not available while that appeal remains unresolved; expedited appellate determination and subsequent conditional payment govern release. Case-Laws Customs Fri, 16 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801563