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 affirms dismissal of the appellant's challenge to a provisional attachment order under money-laundering law. The Tribunal, applying higher-court precedent and statutory definition of "proceeds of crime," held that where proceeds have been dissipated, property of equivalent value may be provisionally attached. The respondents quantified proceeds at Rs.6,13,74,440, from which the appellant was shown to have received Rs.40,00,000; as those funds were not available, a property valued at Rs.16,60,000 acquired during the scheduled offence period was provisionally attached. Finding no merit in the sole ground of appeal, the AT dismissed the appeal and sustained the provisional attachment.
The AT affirms dismissal of the appellant's challenge to a provisional attachment order under money-laundering law. The Tribunal, applying higher-court precedent and statutory definition of "proceeds of crime," held that where proceeds have been dissipated, property of equivalent value may be provisionally attached. The respondents quantified proceeds at Rs.6,13,74,440, from which the appellant was shown to have received Rs.40,00,000; as those funds were not available, a property valued at Rs.16,60,000 acquired during the scheduled offence period was provisionally attached. Finding no merit in the sole ground of appeal, the AT dismissed the appeal and sustained the provisional attachment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
