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2017 (5) TMI 802 - AT - CustomsConfiscation - seizure of gold bars - notice u/s 150 of the CA, 1962 - Held that: - section 150 states that where any goods, not being confiscated goods, are to be sold after notice to the owner of the goods following the procedure as specified therein - the seized Gold was released on payment of Redemption Fine and penalty along with Customs duty payable thereon. Therefore, the provisions of section 150 would not be applicable herein as the goods were confiscated by the Authority. Board s Circular No.711/4/2006 Cus (AS) dated-14/02/2006 clarifies that the requirement to issue notice to the owner of the goods shall also obtain in case all appeal/legal remedies have not been exhausted by the owner of the goods - In the present case, all appeal/legal remedies have already been exhausted and the confiscation was not set aside. Hence, the said circular is not supporting the case of the appellant. Appeal rejected - decided against appellant.
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