https://www.taxtmi.com/circulars?id=5983 Undeclared passenger gold is liable to absolute confiscation because the Customs Act's definition of prohibited good covers items in the EXIM Policy Negative List unless import conditions are met; redemption under the redemption fine provision is to be denied except in trivial non concealment cases, while declared gold not cleared for want of foreign exchange may be re exported under the Customs Act. en-us Mon, 10 May 1993 00:00:00 +0530 Tue, 03 Feb 2026 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5983 Undeclared passenger gold is liable to absolute confiscation because the Customs Act's definition of prohibited good covers items in the EXIM Policy Negative List unless import conditions are met; redemption under the redemption fine provision is to be denied except in trivial non concealment cases, while declared gold not cleared for want of foreign exchange may be re exported under the Customs Act. Circulars Customs Mon, 10 May 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5983