Currency is not Goods liable to be Seized under Customs Act: CESTAT directs to Redeem Currency confiscated for Violation of FEMA notification on Payment of Fine and Penalty [Read Order]

Currency - Goods - Customs Act - CESTAT - Redeem Currency - FEMA notification - Payment - Fine - Penalty - taxscan

The Customs, Excise and Service Tax Appellate Tribunal, Kolkata bench has held that currency is not goods liable to be seized under customs act and directs to redeem currency confiscated for violation of Foreign Exchange Management Act (FEMA) notification on payment of fine and penalty. The appellant, Mr. Pankaj Mittal was found in the position…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader