Home Case Index All Cases Customs Customs + AT Customs - 2016 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (9) TMI 122 - AT - CustomsExcess stock of gold ornaments found in the registered premises of the appellant – confiscation under section 71 of the erstwhile Gold (Control) Act, 1968 – option to redeem on payment of redemption fine and penalty under section 74 of the Gold (Control) Act, 1968 – Held that: - In view of the material facts recorded and the stultifying of an appeal, if any, against the first order, the dismissal of the appeal by the first appellate authority is not tenable. Further, in view of the finding that option to redeem confiscated goods can be, and has been, legally exercised by appellant, there is no bar to release of the confiscated goods - impugned order is modified to direct the Assistant Commissioner to release the confiscated gold after confirming that the redemption fine has been paid by appellant – appeal disposed off.
|