Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
The text addresses provisional attachment of alleged proceeds of crime: sale proceeds from shares purchased by the appellant and later sold to a bona fide third party do not constitute proceeds of crime in the appellant's hands because the purchase was an outgo and consideration paid was not shown to be derived from criminal activity; returns to the innocent purchaser are bona fide. Profits from limestone extraction were treated as the 'value' of proceeds of crime on the material before the authority, but quantification was reduced after deducting verifiable extraction costs. The recorded investigative grounds met the 'reason to believe' threshold for Section 5 attachment. The tribunal cannot order statutory substitution of attached property, though the enforcement agency may accept alternate security.
The text addresses provisional attachment of alleged proceeds of crime: sale proceeds from shares purchased by the appellant and later sold to a bona fide third party do not constitute proceeds of crime in the appellant's hands because the purchase was an outgo and consideration paid was not shown to be derived from criminal activity; returns to the innocent purchaser are bona fide. Profits from limestone extraction were treated as the 'value' of proceeds of crime on the material before the authority, but quantification was reduced after deducting verifiable extraction costs. The recorded investigative grounds met the 'reason to believe' threshold for Section 5 attachment. The tribunal cannot order statutory substitution of attached property, though the enforcement agency may accept alternate security.
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