What is the relevant date for consideration of Seizure of goods?
The goods detained by the DRI on 8th and Punchnama start on 10th and completed on 12th and letter by ADGI to commissioner customs not to move the goods as its is found to be mis declared on 12th and seizure memo issued on 20th.
Debate Over Seizure Date: Is It the Date of Seizure Memo or When Control Was Lost? A discussion on the relevant date for the seizure of goods involved a query about goods detained by the DRI on the 8th, with a Punchnama starting on the 10th and completed on the 12th, followed by a seizure memo issued on the 20th. One respondent stated that the date of the seizure memo should be considered the relevant date. Another respondent mentioned that while the department would likely consider the 20th as the relevant date, this could be contested based on a Calcutta High Court ruling, which suggested that the date when control over goods was lost by the assessee could be deemed the seizure date. (AI Summary)
TaxTMI 
TaxTMI 
