https://www.taxtmi.com/caselaws?id=41631 Silver bullion in a customs notification must be construed in its ordinary and commercial trade sense where undefined. The expression covers silver in bars, ingots or comparable masses, not manufactured or finished items such as plates, kadas, statues or scrap silver. Trade evidence did not treat the relevant articles as bullion, and no convincing contrary evidence established that classification. The Statement of Objects and Reasons may explain legislative background but cannot artificially expand an undefined fiscal term beyond its ordinary meaning. Consequently, the articles were not specified goods, and confiscation and penalties premised on their classification as silver bullion were unsustainable. en-us Mon, 22 Jul 1985 00:00:00 +0530 Sat, 05 Jun 2010 10:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41631 Silver bullion in a customs notification must be construed in its ordinary and commercial trade sense where undefined. The expression covers silver in bars, ingots or comparable masses, not manufactured or finished items such as plates, kadas, statues or scrap silver. Trade evidence did not treat the relevant articles as bullion, and no convincing contrary evidence established that classification. The Statement of Objects and Reasons may explain legislative background but cannot artificially expand an undefined fiscal term beyond its ordinary meaning. Consequently, the articles were not specified goods, and confiscation and penalties premised on their classification as silver bullion were unsustainable. Case-Laws Customs Mon, 22 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41631