![Customs Fails to Issue SCN in a Year: Delhi HC Orders Release of Two Gold Chains Belonging to Uzbek National [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2071974-customs-issue-scn-year-delhi-hc-orders-release-chains-belonging-uzbek-national-taxscan.webp "Customs Fails to Issue SCN in a Year: Delhi HC Orders Release of Two Gold Chains Belonging to Uzbek National [Read Order]")
Customs Fails to Issue SCN in a Year: Delhi HC Orders Release of Two Gold Chains Belonging to Uzbek National [Read Order]
In a recent decision, the Delhi High Court directed the Customs Department to release two gold chains belonging to an Uzbek national after finding...
![Customs Cannot Detain Gold Without Issuing SCN: Delhi HC Orders Release of 3 Gold Bars Detained from Saudi Resident in 2021 Subject to Duty Payment [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071510-customs-customs-cannot-detain-gold-detain-gold-without-issuing-scn-taxscan.webp "Customs Cannot Detain Gold Without Issuing SCN: Delhi HC Orders Release of 3 Gold Bars Detained from Saudi Resident in 2021 Subject to Duty Payment [Read Order]")
![Delhi HC Allows Release of Seized Gold Items After Traveller Agrees to Pay Fine and Customs Duty [Read Order]](https://images.taxscan.in/h-upload/2025/07/21/250x150_2067043-delhi-high-court-gold-seizure-case-taxscan.webp "Delhi HC Allows Release of Seized Gold Items After Traveller Agrees to Pay Fine and Customs Duty [Read Order]")
![Gold and Silver Can Be Used as Voluntary Collateral for Agri and MSME Loans: RBI [Read Notification]](https://images.taxscan.in/h-upload/2025/07/14/250x150_2063556-msme-loans-gold-sliver-agri.webp "Gold and Silver Can Be Used as Voluntary Collateral for Agri and MSME Loans: RBI [Read Notification]")
![Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057504-finance-ministry-revised-customs-tariff-values-customs-tariff-values-for-palm-oil-taxscan.webp "Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]")
![CBIC updates Customs Tariff Rates of Gold, Silver and Oil [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/Gold-and-silver-Customs-Tariff-taxscan.jpg "CBIC updates Customs Tariff Rates of Gold, Silver and Oil [Read Notification]")
RBI discontinues Medium and Long-Term Gold Deposits Under Gold Monetization Scheme [Read Notification]
The Reserve Bank of India (RBI), through Notification No. RBI/2024-25/132 dated March 25, 2025, has announced a major change in the Gold Monetization Scheme (GMS), 2015. The government has decided to...
![RBI discontinues Medium and Long-Term Gold Deposits Under Gold Monetization Scheme [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/Gold-Monetization-Scheme.jpg "RBI discontinues Medium and Long-Term Gold Deposits Under Gold Monetization Scheme [Read Notification]")
Finance Ministry Revises Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance issued Notification No. 13/2025-Customs (N.T.), dated March 13, 2025, updating the tariff values for imported...
Absence of Recorded Reasonable Belief for Smuggling Case: CESTAT quashes Confiscation of Gold [Read Order]
The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) quashed the confiscation of gold and the imposition of penalties due to the absence of a recorded reasonable...
![Absence of Recorded Reasonable Belief for Smuggling Case: CESTAT quashes Confiscation of Gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CESTATGold-Confiscation-of-gold-taxscan.jpg "Absence of Recorded Reasonable Belief for Smuggling Case: CESTAT quashes Confiscation of Gold [Read Order]")