Seized Gold Bars established to be Domestically Purchased: CESTAT quashes Penalty under Customs Act [Read Order]

Seized Gold Bars - Domestically Purchased - CESTAT - Penalty - Gold Bars - Customs Act - taxscan

The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed penalty under Sections 112(a) and (b) and 114 AA of the Customs Act, 1962 as the seized gold bars was established to be domestically purchased. The officers of DRI Patna along with officers of Gaya Customs intercepted two passengers namely Rajesh…

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