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2014 (11) TMI 1145

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..... rom the official website of this Hon'ble Court to be obtained and served by the respondent on the appellant - the department that the department would refund the value of the said eight pieces of gold biscuits weighing 933.12 gms as on 7.3.2012 - demand upheld. - G.A. No. 1891 of 2014, APO.T. No. 297 of 2014 - - - Dated:- 7-11-2014 - THE HON'BLE JUSTICE SOUMITRA PAL AND THE HON'BLE JUST .....

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..... llate authority, is not proper and cannot be justified. The concerned respondent authority, being the respondent No.2 herein, is directed to hand over the exact quantity of the gold as shown in the seizure list dated October 24, 2000 or the equivalent money for the aforesaid quantity of the said goods at the present market price to the petitioner within three weeks from the date of communicatio .....

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..... to the value of gold prevailing on that date. The department by its letter dated 29.8.2014, copy of which is kept on record, intimated that the market value of the said eight pieces of gold biscuits weighing 933.12 gms as on 7.3.2012 was ₹ 26,24,867/-. The respondent does not dispute the information supplied by the department. We, therefore, direct the Commissioner of Customs (Preventive), .....

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..... ime as stipulated, the aggregate thereof shall carry interest at the rate nine percent per annum to be calculated from the expiry of two months given for payment till the date of actual payment. Let copies of the documents furnished by the parties be kept on record. The order impugned is confirmed with the modification as indicated above. The appeal and the application are thus disposed of. .....

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