Mere Purity Being Equivalent to Purity of Foreign Gold is Wrongly Held to be Criteria to Hold Melted Gold as Gold of Foreign Origin: CESTAT [Read Order]

By Yogitha S. Yogesh - On August 10, 2023 5:30 pm - 2 mins read

Mere - Equivalent - Purity - Foreign- Gold - Criteria - Hold- Melted- Gold - Gold - Foreign -Origin-CESTAT-TAXSCAN

The New Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that mere purity being equivalent to the purity of foreign gold is wrongly held to be criteria to hold melted gold as the gold of foreign origin. Suresh Chand Garg, the appellant challenged the Order-in-Appeal which the absolute confiscation…

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