Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
Foreign customs declarations and importer admissions established undervaluation, supporting sequential value redetermination, differential duty, and m...
Customs seizure safeguards prevent detention-based limitation avoidance and invalidate provisional release conditions for imported vehicles under an i...
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Confiscation of the currency seized - validity of order for release on payment of redemption fine - The High court found that the seizure and confiscation of foreign currency were justified under Sections 113(d), 113(e), and 113(h) of the Customs Act, 1962, read with the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. - The Court found that, there are no notifications issued u/s 11-I of the Customs Act, 1962. - The court observed that the appellate authority properly exercised discretion u/s 125 by allowing the redemption of the seized currency upon payment of a fine, modifying the Order-in-Original to reduce the penalty and allow for the currency's redemption.
Confiscation of the currency seized - validity of order for release on payment of redemption fine - The High court found that the seizure and confiscation of foreign currency were justified under Sections 113(d), 113(e), and 113(h) of the Customs Act, 1962, read with the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. - The Court found that, there are no notifications issued u/s 11-I of the Customs Act, 1962. - The court observed that the appellate authority properly exercised discretion u/s 125 by allowing the redemption of the seized currency upon payment of a fine, modifying the Order-in-Original to reduce the penalty and allow for the currency's redemption.
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