No Document to Prove Discharge of Customs Duty Liability for Foreign Currency: CESTAT decides Foreign Currency as Smuggled even though not Recovered from Customs Area

No Document to Prove Discharge of Customs Duty Liability for Foreign Currency - CESTAT decides Foreign Currency as Smuggled even though not Recovered from Customs Area - TAXSCAN

The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), that the seized gold is of smuggled nature even though they were not recovered from the customs area as no document was produced to prove discharge of customs duty liability for gold. The officers of Directorate of Revenue (DRI) got the…

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