Requirement of issuing Show Cause Notice under Section 124 of the Customs Act, 1962 to the owner of goods within stipulated period of six months of the seizure of goods or during extended period - Release of seized goods in case of non-compliance of same under provisions of Section 110(2) of the Customs Act, 1962

Requirement of issuing Show Cause Notice under Section 124 of the Customs Act, 1962 to the owner of goods within stipulated period of six months of the seizure of goods or during extended period - Release of seized goods in case of non-compliance of same under provisions of Section 110(2) of the Customs Act, 1962 - Regarding. https://www.taxtmi.com/circulars?id=52682 Issue the Show Cause Notice to the owner of seized goods within the prescribed seizure inquiry period or within any lawfully extended period; the Commissioner may extend time only if satisfied that sufficient cause exists and the total period remains within statutory limits, with the burden of proof on the Customs officer. Provisional release does not obviate the need to issue the notice, and failure to do so entitles restoration. Investigating officers must expedite investigations, submit draft notices, report pendency, and ensure compliance to protect revenue. en-us Tue, 19 Feb 2013 00:00:00 +0530 Wed, 05 Feb 2014 11:27:00 +0530 TaxTMI RSS Generator Requirement of issuing Show Cause Notice under Section 124 of the Customs Act, 1962 to the owner of goods within stipulated period of six months of the seizure of goods or during extended period - Release of seized goods in case of non-compliance of same under provisions of Section 110(2) of the Customs Act, 1962 - Regarding. https://www.taxtmi.com/circulars?id=52682 Issue the Show Cause Notice to the owner of seized goods within the prescribed seizure inquiry period or within any lawfully extended period; the Commissioner may extend time only if satisfied that sufficient cause exists and the total period remains within statutory limits, with the burden of proof on the Customs officer. Provisional release does not obviate the need to issue the notice, and failure to do so entitles restoration. Investigating officers must expedite investigations, submit draft notices, report pendency, and ensure compliance to protect revenue. Circulars Customs Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52682