Lack of Proof on Smuggling Foreign Gold: CESTAT quashes Penalty of Rs. 1.01 lakh [Read Order]

The bench observed that it was unclear how the department claimed the confiscated gold as a foreign-origin gold bar when the seizure was that of a bangle or kada
By Saagarika Gopinath - On October 10, 2024 3:50 pm - 2 mins read
Gold smuggling - Penalty quashed - CESTAT penalty - Customs case - Taxscan

The Hyderabad bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) quashed the penalty of Rs. 1.01 lakh due to the lack of proof of smuggling foreign gold. The appellant, Manik Chand Soni, has appealed before the CESTAT against the order passed by the Commissioner (Appeals), in which the latter has…

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