https://www.taxtmi.com/caselaws?id=777927 CESTAT (AT), New Delhi held that the domestic supplier was neither importer nor exporter and had no duty to declare or could be penalised under s.114AA of the Customs Act. The Tribunal found the seized cash could not be presumed sale proceeds of smuggled goods as Revenue failed to prove smuggling, sale of smuggled goods, or link to the cash under s.121. It further held no authority exists to re-determine FOB value of exports. The Revenue's appeal was dismissed and the Commissioner (Appeals) decision upheld. en-us Fri, 08 Aug 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777927 CESTAT (AT), New Delhi held that the domestic supplier was neither importer nor exporter and had no duty to declare or could be penalised under s.114AA of the Customs Act. The Tribunal found the seized cash could not be presumed sale proceeds of smuggled goods as Revenue failed to prove smuggling, sale of smuggled goods, or link to the cash under s.121. It further held no authority exists to re-determine FOB value of exports. The Revenue's appeal was dismissed and the Commissioner (Appeals) decision upheld. Case-Laws Customs Fri, 08 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777927