JUDGMENT

Vibhu Bakhru, J. (Oral)

1. The petitioner has filed the present petition being aggrieved by the Commissioner of Customs (Appeals) concluding the proceedings under Section 110(1D) of the Customs Act, 1962 (hereafter `the Customs Act') without issuing any notice of the proceedings to the petitioner.

2. The petitioner claims that he is, inter alia, engaged in the business of manufacturing gold jewelry and selling the same in the domestic market. He states that he carries on the business in the name and style of a sole proprietorship concern named M/s Tanishka Bullions and Jewells. He states that although the said concern is registered with the Goods and Services Tax Department in the name of his wife, he is responsible for carrying on the day-to day affairs of the concern.

3. On 20.02.2021, the officers of the Directorate of Revenue Intelligence (DRI) had stopped the petitioner's car on NH-24. The said vehicle was searched and five gold bars weighing 1000 grams each were found. The said goods were seized by the said officers under Section 110 of the Customs Act. A panchnama

Rs.2,15,57,250/- (Rupees two crores fifteen lacs fifty seven thousand two hundred and fifty only). Th