Imported seaweed extract provisionally released on bond only; declaratory rejection set aside; appellate decision due within section 128-A(4-A) three ...
Page of 4828
Press 'Enter' after typing page number.
9441 to 9460 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT held that the Revenue failed to prove beyond reasonable doubt that the intercepted Indian currency was intended for illegal export, noting the interception occurred about 3 km from the Bangladesh border and that the benefit of doubt accrues to the appellant. Consequently, the Tribunal set aside the order of absolute confiscation and the imposition of penalty under s.114 of the Customs Act, 1962, and directed the release of Rs.1,500,000 deposited with a bank, which had been seized from an intercepted person but purportedly belonging to the appellant. The appeal was allowed and the impugned order quashed.
CESTAT held that the Revenue failed to prove beyond reasonable doubt that the intercepted Indian currency was intended for illegal export, noting the interception occurred about 3 km from the Bangladesh border and that the benefit of doubt accrues to the appellant. Consequently, the Tribunal set aside the order of absolute confiscation and the imposition of penalty under s.114 of the Customs Act, 1962, and directed the release of Rs.1,500,000 deposited with a bank, which had been seized from an intercepted person but purportedly belonging to the appellant. The appeal was allowed and the impugned order quashed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
