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2013 (9) TMI 833 - BOMBAY HIGH COURTConfiscation of Goods u/s 71 of the Gold (Control) Act – Penalty – Redemption Fine – Held that:- The Petitioner was himself to blame in not paying the redemption fine within a period of three months from the date of the order of Tribunal or at least within a reasonable period after passing of the said order - The option of redemption was granted to the Petitioner which he failed to exercise within a reasonable period - About two decades have elapsed since the order of the Tribunal and the filing of the present Petition and by no stretch of imagination can this be regarded as a reasonable period - The Superintendent of Customs (Preventive), Gold Control, by a letter had informed the Petitioner that the Commissioner of Customs had ordered absolute confiscation of gold ornaments - The gold being vested absolutely in the Union Government, no fault can be found in the action that was pursued of selling of confiscated property - the prayer for the return of the gold ornaments or in the alternative, for the payment of sale proceeds, cannot be acceded to.
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