Search Results for Tag : Confiscated

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CESTAT: No Penalty on Confiscated Gold Bar in The Presence of Cogent Evidence(29.06.2022)

Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that no penalty arises on a confiscated gold bar in the presence of.....

Tags : CESTAT, Confiscated, Cogent Evidence

CESTAT: Floor Limits of Bond & Bank Guarantee for Provisional Release of Confiscated Goods Reduced(29.06.2022)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai Bench has reduced floor limits of bond and bank guarantee prescribed for allowing .....

Tags : CESTAT, Floor Limit, Confiscated Goods

Ker. HC: Vehicle Can’t be Confiscated if Registered Owner Didn’t Have Prior Knowledge of the Offence(19.10.2023)

Kerala High Court has held that once it is established that the owner of vehicle is devoid of any knowledge that the vehicle was used for illegally tr.....

Tags : Kerala High Court, Confiscated, Vehicle, Owner

Govt: Specified Notes Confiscated on or before 30.12.2016 Can be Deposited in Any RBI Branch(17.05.2017)

Govt has notified rules regarding deposit of Rs. 1000 and Rs. 500 Currency Notes confiscated on or before 30.12.2016 which makes it possible for enfor.....

Tags : Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017

SC: Customs Duty to be Paid by Owner Even When Confiscated Goods are Redeemed by Paying Fine(24.07.2024)

Supreme Court has held that the owner of goods has a liability to pay customs duty, even after confiscated goods are redeemed after payment of fine un.....

Tags : Supreme Court, S. 125 of Customs Act, Confiscated Goods, Customs Duty