Petitioner sought implementation of Appellate Authority's order ...

Seized gold ornaments to be released upon payment of fine, as stock-in-trade exemption applies.

Case Laws     GST

August 30, 2024

Petitioner sought implementation of Appellate Authority's order to release seized gold ornaments due to discrepancy between delivery challan quantity and actual quantity. Court held that although goods are liable for confiscation, they can be released upon payment of fine considering they are petitioner's stock-in-trade. Petitions disposed, directing release of entire 1647.970 grams of seized gold to petitioners upon executing bonds, undertaking not to alienate covered property until proceedings culminate. Parties entitled to approach Appellate Tribunal if aggrieved by Appellate Authority's proceedings.

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