Madras HC Directs Release of Imported Gold on 100% Custom Duty Payment

Precious Metals Refiners Private Limited Vs Principal Commissioner of Customs (Madras High Court) Introduction: The Madras High Court recently addressed the case of Precious Metals Refiners Pvt. Ltd. vs. Principal Commissioner of Customs, involving the detention of Gold Dore Bars imported from Guinea. The petitioner sought the release of goods, citing Customs Notifications and a Country of Origin Certificate. This article delves into the court’s judgment, analyzing the petitioner’s arguments and the court’s directive to release the goods upon payment of 100% duty. Analysis: T...