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2017 (11) TMI 304 - AT - CustomsGenuineness of Focus License - it was alleged that appellant obtained from DGFT under fraud submitting fabricated and bogus shipping bill - Held that: - To deter use of fraudulently obtained instrument by a transferee or beneficiary thereof under Customs Act, 1962 and make him liable to the duty lost by Revenue along with transferor under Section 28AAA of the said Act, suitable provision may be enacted with deterrent penal consequence and cognizance of such cases of money laundering may be taken by the “proper officer” appointed under Customs Act, 1962 at the first instance - if the Board considers it proper, such cases may be referred to Special Investigation Team (SIT - Black Money) for further investigation, so that Hawala Operators masquerading their identity shall be brought to the fold of economic offence and face trial - appeal dismissed - decided against appellant.
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