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Issues involved: Interpretation of order of Customs Excise and Gold (Control) Appellate Tribunal, valuation of confiscated betel nuts, determination of refund amount, calculation of statutory interest.
The High Court of Patna, in the case, interpreted the order of the Customs Excise and Gold (Control) Appellate Tribunal dated 29.8.2001, which became final after dismissal of Tax Case No.26 of 2002 by the Court on 8.9.2006. The Tribunal had held that the confiscated betel nuts were not of foreign origin, entitling the writ petitioner to consequential reliefs. Upon reviewing all relevant facts, the learned Writ Court rejected the customs authorities' argument that the auctioned sale price of Rs.3.64 lakhs should be the payable amount to the writ petitioner. Instead, the Court accepted the valuation of the betel nuts as Rs.21,33,500/- based on the seizure list, directing a refund of this amount with compound interest at 6% per annum from 30.8.2001, the date of the CEGAT decision. The High Court found no evidence indicating a different market price for the betel nuts or any depreciation due to the writ petitioner's fault. It noted the absence of documentation or disclosure of the auction date when authorities claimed the sale for Rs.3.64 lakhs. Consequently, the Court upheld the Writ Court's decision on the valuation and refund amount. In light of the circumstances, the High Court declined to intervene and dismissed the appeal, affirming the Writ Court's ruling on the refund and interest calculation.
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