Gold Cannot Be Confiscated When GST Records & Purchase Documents Establish Lawful Ownership

Page ContentsAkhil Maheshwari Vs Commissioner of Customs (CESTAT Kolkata) Akhil Maheshwari Vs Commissioner of Customs (CESTAT Kolkata) The appeals challenged an order that absolutely confiscated gold bars and imposed penalties on the appellants under the Customs Act, 1962. The case arose after officers of the Directorate of Revenue Intelligence (DRI), Kolkata, acting on intelligence, intercepted Shri Anil Kumar Yadav on 9 August 2020 while he was boarding the New Delhi–Howrah COVID-19 AC Special Train at Howrah Railway Station. During a personal search, officers recovered four rectangular go...