Assessment time-barred u/s 153 due to missing competent-authority reference for Singapore exchange of information; assessment disallowed as barred by ...
Imported menthol-scented sweet supari classification dispute: seizure quashed, release for home consumption subject to duty bond; bank guarantee refus...
CESTAT upheld absolute confiscation of 19 foreign-marked gold coins/bars and imposition of penalty under s.112(b)(i) of the Customs Act, 1962 on the appellant and its two partners. The Tribunal held that, as the seized goods were recovered from the appellant's possession and bore foreign markings, the statutory burden under s.123 lay on the appellant to prove lawful ownership and licit acquisition. The plea that the coins were 15-20 years old and used for worship was unsupported by any evidence. Finding no infirmity in the adjudication, the appeal was dismissed.
CESTAT upheld absolute confiscation of 19 foreign-marked gold coins/bars and imposition of penalty under s.112(b)(i) of the Customs Act, 1962 on the appellant and its two partners. The Tribunal held that, as the seized goods were recovered from the appellant's possession and bore foreign markings, the statutory burden under s.123 lay on the appellant to prove lawful ownership and licit acquisition. The plea that the coins were 15-20 years old and used for worship was unsupported by any evidence. Finding no infirmity in the adjudication, the appeal was dismissed.
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