Appellant's Goods Seized and Bank Account Frozen u/s 111 for Alleged Smuggling, Must Prove Legitimate Transactions.

Appellant's Goods Seized and Bank Account Frozen u/s 111 for Alleged Smuggling, Must Prove Legitimate Transactions. https://www.taxtmi.com/highlights?id=22696 Confiscation of goods u/s 111 - Freezing of bank account - Smuggling of goods - appellant has failed to explain the source of the imported goods sale proceeds whereof were credited into the bank account which has been frozen. The onus was/is on the appellant to explain the transactions in the said bank account and to establish that the said transactions were/are not tainted. - HC en-us Mon, 27 Apr 2015 08:38:36 +0530 Mon, 27 Apr 2015 08:38:36 +0530 TaxTMI RSS Generator Appellant's Goods Seized and Bank Account Frozen u/s 111 for Alleged Smuggling, Must Prove Legitimate Transactions. https://www.taxtmi.com/highlights?id=22696 Confiscation of goods u/s 111 - Freezing of bank account - Smuggling of goods - appellant has failed to explain the source of the imported goods sale proceeds whereof were credited into the bank account which has been frozen. The onus was/is on the appellant to explain the transactions in the said bank account and to establish that the said transactions were/are not tainted. - HC Highlights Customs Mon, 27 Apr 2015 08:38:36 +0530 https://www.taxtmi.com/highlights?id=22696