https://www.taxtmi.com/caselaws?id=750798 CESTAT Hyderabad allowed appeals filed by nominated agency, exporter, and jewellery valuer in a gold replenishment scheme case. The tribunal held that no violation of Notification No. 57/2000-Cus occurred as matching quantum of gold was exported, value addition requirement of 2% was met through fully mechanized manufacturing process, and customs officers had properly verified export documents. The confiscation of gold and penalties under Section 114A were set aside as no misdeclaration or suppression was established. The tribunal found the revenue's allegations regarding insufficient value addition and procedural violations unsubstantiated, ordering release of balance gold quantity to the exporter. en-us Thu, 08 Feb 2024 00:00:00 +0530 Sat, 30 Mar 2024 19:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750798 CESTAT Hyderabad allowed appeals filed by nominated agency, exporter, and jewellery valuer in a gold replenishment scheme case. The tribunal held that no violation of Notification No. 57/2000-Cus occurred as matching quantum of gold was exported, value addition requirement of 2% was met through fully mechanized manufacturing process, and customs officers had properly verified export documents. The confiscation of gold and penalties under Section 114A were set aside as no misdeclaration or suppression was established. The tribunal found the revenue's allegations regarding insufficient value addition and procedural violations unsubstantiated, ordering release of balance gold quantity to the exporter. Case-Laws Customs Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750798