Beneficial Ownership, Beyond Baggage in Customs Law: Seizure of foreign currency

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....h Court. The case involves an appeal by the Commissioner of Customs against a decision by the Central Excise and Service Tax Appellate Tribunal (CESTAT), which favored the respondent, in a matter concerning the seizure of foreign currency which he kept with him in his hand-baggage. Background The appeal arose from a final order by CESTAT, which allowed an appeal against the order passed by the C....

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....tion objection unsustainable, clarifying that the SCN pertained to currency seized under a provision not limited to baggage, thus falling within CESTAT's purview. * Definition of 'Beneficial Owner': A key legal question was the interpretation of 'beneficial owner' as defined in the Customs Act. The appellant argued that the respondent was the ultimate beneficiary of the seized currency....