Import of gold is not prohibited but the same is restricted to prescribed quantity

R.Kannathasan Vs Commissioner of Customs (Madras High Court) Held that import of gold is not prohibited, but restricted subject to prescribed quantity on payment of duty. Facts- The petitioner has filed this Writ Petition seeking to quash the Detention Receipt issued by the third respondent herein in D.R.No.342/2022, dated 01.05.2022, drawn at Trichy International Airport, Trichy, and to direct the respondents herein to release/return the detained three Gold Bangles, weighing 150 grams, covered by D.R.No.342/2022, dated 01.05.2022, drawn at Trichy International Airport, Trichy, at concessional...