Indian Origin Gold Bangles and Silver Bar Seized Are Not Prohibited Goods: CESTAT Deletes Penalty u/S 112(b)(i) [Read Order]

Indian - Origin - Gold - Bangles - and - Silver - Bar - Seized - Goods - CESTAT - Penalty - uS - 112(b)(i) - TAXSCAN

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT)Indian origin gold bangles and silver bar seized are not prohibited goods and deleted the penalty under section 112(b)(i) of the Customs Act, 1962. The Appellant Mr. Daleep Kumar Verma proprietor of M/s. Shreeji Traders and Manufacturers, (STM) are engaged in the business…

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