https://www.taxtmi.com/caselaws?id=368942 The Tribunal dismissed the appeals by M/s D Jewel and M/s Choksi Vachhraj Makanji & Company regarding the smuggling of gold bars and jewellery from an SEZ Unit, upholding confiscation of the goods due to clear violations of SEZ Act, RBI guidelines, and Customs Act. Penalties on partners and employees were set aside based on legal precedents, emphasizing subordinate roles. The Revenue's appeal for absolute confiscation was declined, stressing the adjudicating authority's discretion. The judgment underscored the necessity of compliance with SEZ regulations, Customs Act, and RBI guidelines to prevent unauthorized movements of goods in cross-border transactions. en-us Thu, 11 Oct 2018 00:00:00 +0530 Fri, 21 Feb 2020 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368942 The Tribunal dismissed the appeals by M/s D Jewel and M/s Choksi Vachhraj Makanji & Company regarding the smuggling of gold bars and jewellery from an SEZ Unit, upholding confiscation of the goods due to clear violations of SEZ Act, RBI guidelines, and Customs Act. Penalties on partners and employees were set aside based on legal precedents, emphasizing subordinate roles. The Revenue's appeal for absolute confiscation was declined, stressing the adjudicating authority's discretion. The judgment underscored the necessity of compliance with SEZ regulations, Customs Act, and RBI guidelines to prevent unauthorized movements of goods in cross-border transactions. Case-Laws Customs Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368942