Export obligation removed by notification, customs duty demand invalidated; penalties under s.112 and s.114AA quashed due to inadmissible s.108 statem...
Customs officers must wear and use department-issued body-worn cameras when clearing passenger baggage, with daily secure transfer and 30-day retentio...
The AT dismisses the appeals and upholds the provisional attachment. It holds that money-laundering is determined by when proceeds are projected to be untainted and not by the date of the predicate offence, therefore the PMLA applies to the impugned transactions. Property held by persons in possession of proceeds of crime may be attached notwithstanding that they are not accused of the scheduled offence. The appellants' repayment of a housing loan in a short period, subsequent transfers and a later gift to a family member are treated as sham transactions executed with mala fide intent to frustrate enforcement; hence the properties are proceeds of crime and remain subject to attachment under the PMLA.
The AT dismisses the appeals and upholds the provisional attachment. It holds that money-laundering is determined by when proceeds are projected to be untainted and not by the date of the predicate offence, therefore the PMLA applies to the impugned transactions. Property held by persons in possession of proceeds of crime may be attached notwithstanding that they are not accused of the scheduled offence. The appellants' repayment of a housing loan in a short period, subsequent transfers and a later gift to a family member are treated as sham transactions executed with mala fide intent to frustrate enforcement; hence the properties are proceeds of crime and remain subject to attachment under the PMLA.
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