https://www.taxtmi.com/caselaws?id=782582 Duty-free gold permitted under the SEZ scheme, if diverted to the DTA without valid permission, attracts customs duty, confiscation and redemption fine on the unaccounted goods, as permissible wastage cannot be claimed for illegally removed stock. Confiscation of sale proceeds under the Customs Act, however, requires proof that the goods sold were smuggled goods sold with the requisite knowledge or belief; where the transaction is only a diversion from the SEZ unit and the buyer is not shown to have participated in the illegality, that confiscation fails. Penalties may be sustained, reduced or deleted depending on the degree of proved involvement and knowledge. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 01 Dec 2025 14:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782582 Duty-free gold permitted under the SEZ scheme, if diverted to the DTA without valid permission, attracts customs duty, confiscation and redemption fine on the unaccounted goods, as permissible wastage cannot be claimed for illegally removed stock. Confiscation of sale proceeds under the Customs Act, however, requires proof that the goods sold were smuggled goods sold with the requisite knowledge or belief; where the transaction is only a diversion from the SEZ unit and the buyer is not shown to have participated in the illegality, that confiscation fails. Penalties may be sustained, reduced or deleted depending on the degree of proved involvement and knowledge. Case-Laws Customs Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782582