![Mens rea not proved in Gold Smuggling Case: CESTAT sets aside Penalty of 50 lakhs imposed u/s 112(b)(i) of Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/gold-smuggling-case-CESTAT-penalty-Customs-Act-taxscan.jpg "Mens rea not proved in Gold Smuggling Case: CESTAT sets aside Penalty of 50 lakhs imposed u/s 112(b)(i) of Customs Act [Read Order]")
Mens rea not proved in Gold Smuggling Case: CESTAT sets aside Penalty of 50 lakhs imposed u/s 112(b)(i) of Customs Act [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench set aside a penalty of 50 lakhs imposed under Section 112(b)(i) of...
![Duty remission u/s 23 applicable only on Imported Goods, Claim of Refund not sustainable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Duty-remission-imported-goods-refund-CESTAT-taxscan.jpeg "Duty remission u/s 23 applicable only on Imported Goods, Claim of Refund not sustainable: CESTAT [Read Order]")
![Importer of Goods is not Owner, Not Eligible for Provisional Release of Seized Goods under Customs Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Seized-Goods-Customs-Act-Bombay-HC-taxscan.jpg "Importer of Goods is not Owner, Not Eligible for Provisional Release of Seized Goods under Customs Act: Bombay HC [Read Order]")
![Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/IBC-Customs-Act-execution-of-Moratorium-SC-taxscan.jpeg "Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]")
Change in Business Model shall not be a Reason for Rejecting Transaction Value under Customs Act: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore bench has held that the change in business model shall not be s reason for rejecting the transaction value under the Customs...
![Change in Business Model shall not be a Reason for Rejecting Transaction Value under Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Business-Model-Transaction-Value-Customs-Act-CESTAT-taxscan.jpeg "Change in Business Model shall not be a Reason for Rejecting Transaction Value under Customs Act: CESTAT [Read Order]")
![CBIC Simplifies Procedure for Compounding Customs Offences [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/08/CBIC-Customs-Offences-taxscan.jpg "CBIC Simplifies Procedure for Compounding Customs Offences [Read Circular]")
Mere introduction of Actual Importer to IEC holder does not attract Penalty u/s 112(b) of Customs Act: CESTAT [Read Order]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the mere introduction of an actual importer to Importer - Exporter Code (IEC) holder does not...
![Mere introduction of Actual Importer to IEC holder does not attract Penalty u/s 112(b) of Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Importer-IEC-holder-Penalty-Customs-Act-CESTAT-taxscan.jpg "Mere introduction of Actual Importer to IEC holder does not attract Penalty u/s 112(b) of Customs Act: CESTAT [Read Order]")
Subsequent Publication of Notification has No Power to increase Rate of Customs Duty with Retrospective effect: Calcutta HC [Read Order]
The High Court of Calcutta presided by Mr. Justice Md. Nizamuddin has held that subsequent publication of Notification has no power to increase the rate of Customs duty with retrospective effect. ...
![Subsequent Publication of Notification has No Power to increase Rate of Customs Duty with Retrospective effect: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Customs-Duty-Retrospective-effect-Calcutta-HC-taxscan.jpeg "Subsequent Publication of Notification has No Power to increase Rate of Customs Duty with Retrospective effect: Calcutta HC [Read Order]")
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]
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...
![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]](https://www.taxscan.in/wp-content/uploads/2022/08/Currency-Goods-Customs-Act-CESTAT-Redeem-Currency-FEMA-notification-Payment-Fine-Penalty-taxscan.jpg "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]")
Prosecution of Corruption Charges under PCA does not require sanction U/s 137 of Customs Act: Karnataka HC [Read Order]
The Single judge bench of Karnataka High Court has held that prosecution of corruption charges under the Prevention of Corruption Act does not require sanction under section 137 of the Customs Act. ...
![Prosecution of Corruption Charges under PCA does not require sanction U/s 137 of Customs Act: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Corruption-Charges-PCA-Customs-Act-Karnataka-HC-taxscan.jpg "Prosecution of Corruption Charges under PCA does not require sanction U/s 137 of Customs Act: Karnataka HC [Read Order]")