https://www.taxtmi.com/caselaws?id=446582 The HC set aside the Revisional Authority's order that permitted the redemption of confiscated gold upon payment of a redemption fine. It ruled that gold, although not explicitly listed as "prohibited goods" under Section 2(33) of the Customs Act, 1962, can be considered prohibited if imported in violation of specific conditions. The court referred to the Nidhi Kapoor case, emphasizing that such violations render goods prohibited. It highlighted that gold imports are subject to restrictions under the Foreign Trade Policy and Import-Export Policy, thus falling under regulatory control, justifying the confiscation. en-us Fri, 01 Dec 2023 00:00:00 +0530 Thu, 07 Dec 2023 07:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446582 The HC set aside the Revisional Authority's order that permitted the redemption of confiscated gold upon payment of a redemption fine. It ruled that gold, although not explicitly listed as "prohibited goods" under Section 2(33) of the Customs Act, 1962, can be considered prohibited if imported in violation of specific conditions. The court referred to the Nidhi Kapoor case, emphasizing that such violations render goods prohibited. It highlighted that gold imports are subject to restrictions under the Foreign Trade Policy and Import-Export Policy, thus falling under regulatory control, justifying the confiscation. Case-Laws Customs Fri, 01 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446582