Gold imported beyond permissible limit of 1Kg amounts to prohibited items: Madras HC

Ravinder Kumar Rishabchand Vs Principal Commissioner of Customs (Madras High Court) Madras High Court held that petitioners are not entitled for payment of fine in lieu of confiscation since gold imported beyond the permissible limit of 1 Kg is to be treated as prohibited items as per the provisions of section 2(33) of the Customs Act. Facts- The petitioner has filed this writ petition challenging the impugned orders passed by the respective authorities on the ground that the petitioners ought to have been given an option to pay fine as per the provisions of Section 125 of the Customs Act, 196...