![Imported Gold Detained under Customs Act as Mis Declared Country in Origin Certificate: Madras HC directs to Release Goods after Paying 100% Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Imported-Gold-Customs-Act-as-Mis-Country-in-Origin-Certificate-Madras-HC-Release-Goods-TAXSCAN.jpg "Imported Gold Detained under Customs Act as Mis Declared Country in Origin Certificate: Madras HC directs to Release Goods after Paying 100% Duty [Read Order]")
Imported Gold Detained under Customs Act as Mis Declared Country in Origin Certificate: Madras HC directs to Release Goods after Paying 100% Duty [Read Order]
The Madras High Court directed the customs authority to release the detained gold after paying 100 % customs duty. The imported gold was detained...
![Drawback Benefit Available for Gold Exports Despite Non-Payment of Basic Customs Duty, Provided Additional Duty Paid u/s 3 of Customs Tariff Act During Import: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Drawback-Benefit-Available-for-Gold-Exports-Despite-Non-Payment-of-Basic-Customs-Duty-Provided-Additional-Duty-Paid-Customs-Tariff-Act-During-Import-Delhi-High-Court-TAXSCAN.jpg "Drawback Benefit Available for Gold Exports Despite Non-Payment of Basic Customs Duty, Provided Additional Duty Paid u/s 3 of Customs Tariff Act During Import: Delhi High Court [Read Order]")
![ITAT directs to compute addition towards 2% of Profit on Sale of Gold by assessee found during Search and Seizure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-to-compute-addition-towards-Profit-on-Sale-of-Gold-by-assessee-found-during-Search-and-Seizure-TAXSCAN.jpg "ITAT directs to compute addition towards 2% of Profit on Sale of Gold by assessee found during Search and Seizure [Read Order]")
![No Role of Courier Service in Smuggling Gold: CESTAT quashes Suspension of Registration as Authorized Courier [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Role-of-Courier-Service-in-Smuggling-Gold-Role-of-Courier-Service-Courier-Service-Smuggling-Gold-Smuggling-Gold-CESTAT-Authorized-Courier-CESTAT-Taxscan.jpg "No Role of Courier Service in Smuggling Gold: CESTAT quashes Suspension of Registration as Authorized Courier [Read Order]")
DGFT updates List of Banks authorised to Import Gold/Silver under Appendix 4B of HBP, 2023 [Read Notification]
The Directorate General of Foreign Trade (DGFT) vide notification number 28/2023 on 18th August 18th 2023 has updated the list of banks authorised to import gold/silver under the Appendix 4B of the...
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]
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...
![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]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Equivalent-Purity-Foreign-Gold-Criteria-Hold-Melted-Gold-Gold-Foreign-Origin-CESTAT-TAXSCAN.jpg "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]")
Central Govt notifies New GST Rule 138F for Mandatory E-Way Bill for Intra-State Movement of Gold and Precious Stones above 2 Lakhs worth [Read Notification]
As per the resolutions made during the 51st Goods and Services Tax (GST) Council meeting on July 11th, 2023, the central government has revised the Central Goods and Services Tax Rules (CGST Rules),...
![Central Govt notifies New GST Rule 138F for Mandatory E-Way Bill for Intra-State Movement of Gold and Precious Stones above 2 Lakhs worth [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/Central-Govt-notifies-New-GST-Rule-138F-Central-Government-New-GST-Rule-Mandatory-E-Way-Bill-E-Way-Bill-intra-State-movement-Gold-and-Precious-Stones-taxscan.jpg "Central Govt notifies New GST Rule 138F for Mandatory E-Way Bill for Intra-State Movement of Gold and Precious Stones above 2 Lakhs worth [Read Notification]")
Income Tax Dept cannot withhold Gold on ground of Pending Addition Against Sending Party: Gujarat HC [Read Order]
The Division Bench of Gujarat High Court has held that the income tax department could not withhold the gold on the ground of pending addition against the sending party. The petitioner,...
![Income Tax Dept cannot withhold Gold on ground of Pending Addition Against Sending Party: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Tax-Dept-Gold-on-ground-of-Pending-Addition-Against-Sending-Party-Gujarat-HC-TAXSCAN.jpg "Income Tax Dept cannot withhold Gold on ground of Pending Addition Against Sending Party: Gujarat HC [Read Order]")
Tax Reduction Benefit under Rule 32 (5) of CGST, Rules not applicable When Fails to Prove Gold as Second-Hand Good: AAR [Read Order]
The Kerala Authority for Advance Ruling (KAAR) has held that tax reduction benefits under rule 32 (5) of Central Goods and Service Tax (CGST) Rules are not applicable when fails to prove gold as...
![Tax Reduction Benefit under Rule 32 (5) of CGST, Rules not applicable When Fails to Prove Gold as Second-Hand Good: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Tax-Reduction-Benefit-Tax-CGST-Gold-Second-Hand-Good-AAR-CGST-Rules-taxscan.jpg "Tax Reduction Benefit under Rule 32 (5) of CGST, Rules not applicable When Fails to Prove Gold as Second-Hand Good: AAR [Read Order]")