Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The AT dismissed the appeal challenging the attachment of property under money laundering proceedings against the appellant, a bank branch manager accused of sanctioning unauthorized loans based on fabricated documents. The Tribunal reaffirmed that property acquired prior to the commission of the scheduled offence is not subject to attachment, but where proceeds of crime are not found with the accused due to their disappearance, property of equivalent value may be attached. The decision relied on established precedent confirming that attachment aims to prevent dissipation of criminal proceeds and enforce recovery even if the direct proceeds are unavailable. Given that the proceeds had vanished and were not in the appellant's possession, attachment of property of equivalent value was upheld. The impugned order was found legally sound, and no interference was warranted. The appeal was therefore dismissed.
The AT dismissed the appeal challenging the attachment of property under money laundering proceedings against the appellant, a bank branch manager accused of sanctioning unauthorized loans based on fabricated documents. The Tribunal reaffirmed that property acquired prior to the commission of the scheduled offence is not subject to attachment, but where proceeds of crime are not found with the accused due to their disappearance, property of equivalent value may be attached. The decision relied on established precedent confirming that attachment aims to prevent dissipation of criminal proceeds and enforce recovery even if the direct proceeds are unavailable. Given that the proceeds had vanished and were not in the appellant's possession, attachment of property of equivalent value was upheld. The impugned order was found legally sound, and no interference was warranted. The appeal was therefore dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
