https://www.taxtmi.com/caselaws?id=762099 CESTAT Kolkata held that gold seizure at railway station was illegal. The gold lacked foreign markings, had purity below 99.9%, and seizure memo failed to mention officer's reasonable belief that goods were liable for confiscation as required under Section 110(1) of Customs Act, 1962. Following Board Circular 1/2017, proper seizure orders must clearly state reasons for believing goods are confiscable. Since appellants produced genuine procurement documents and revenue provided no evidence of illegal import, benefit of doubt favored appellants. Gold ordered released without penalties. en-us Fri, 22 Nov 2024 00:00:00 +0530 Mon, 25 Nov 2024 08:45:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762099 CESTAT Kolkata held that gold seizure at railway station was illegal. The gold lacked foreign markings, had purity below 99.9%, and seizure memo failed to mention officer's reasonable belief that goods were liable for confiscation as required under Section 110(1) of Customs Act, 1962. Following Board Circular 1/2017, proper seizure orders must clearly state reasons for believing goods are confiscable. Since appellants produced genuine procurement documents and revenue provided no evidence of illegal import, benefit of doubt favored appellants. Gold ordered released without penalties. Case-Laws Customs Fri, 22 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762099