https://www.taxtmi.com/caselaws?id=753796 Imported gold under an exemption scheme had to be processed and re-exported within the stipulated 120-day period from actual receipt of the consignment in India. Because the last import was on 25.01.2023, the goods were not produced for processing or export, and the investigation indicated that the gold had disappeared, the exemption conditions were treated as unfulfilled and the goods as liable to confiscation. On that basis, the alleged customs duty evasion was considered substantial and custodial interrogation necessary, leading to refusal of anticipatory bail. en-us Fri, 19 Apr 2024 00:00:00 +0530 Tue, 11 Jun 2024 07:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753796 Imported gold under an exemption scheme had to be processed and re-exported within the stipulated 120-day period from actual receipt of the consignment in India. Because the last import was on 25.01.2023, the goods were not produced for processing or export, and the investigation indicated that the gold had disappeared, the exemption conditions were treated as unfulfilled and the goods as liable to confiscation. On that basis, the alleged customs duty evasion was considered substantial and custodial interrogation necessary, leading to refusal of anticipatory bail. Case-Laws Customs Fri, 19 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753796