CESTAT Upholds Quashing of Penalty on Confiscation of Seized Gold Bar on ground of Absence of Smuggling of origin gold [Read Order]

CESTAT Upholds Quashing - Smuggling of origin gold - Penalty on Confiscation - CESTAT - Customs - Gold Bar - Confiscation -Taxscan

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the quashing of the penalty imposed on the confiscation of seized gold bar on the grounds of absence of smuggling of origin gold.  Bajrang Ingole, the respondent-assessee was engaged in facilitating the melting of 10 Tola Bars believed to be gold…

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