Case Law Details
Mudra Precious Metals Pvt. Ltd. Vs Principal Commissioner of Customs (Madras High Court)
In a recent development, Mudra Precious Metals Pvt. Ltd. found itself entangled in a legal battle with the Principal Commissioner of Customs, leading to a writ petition in the esteemed Madras High Court. The company sought the court’s intervention for the issuance of a mandamus to release its imported goods – Gold Dore Bars of Guinea – against Bill of Entry No. 7909785, dated 20.09.2023.
Background and Petitioner’s Case:
Mudra Precious Metals Pvt. Ltd., a Private Limited Company registered under the Companies Act, 1956, specializes in refining gold from Gold Dore sourced from Gold producing GEA (Guinea, Ecuador, and Afghanistan) countries. The petitioner imported 133,513.30 grams of Gold Dore Bars from M/s. JSK Jewellery LLC, Dubai, with an invoice dated 18.09.2023, filed under Bill of Entry No. 7909785 dated 20.09.2023.
The petitioner claimed the clearance of goods for home consumption and sought the release by extending the benefit of Customs Notification No. 96/2008-Customs, dated 13.08.2008, and AIDC Notification No. 011/2021-Cus., dated 01.02.2021. To support its case, Mudra Precious Metals presented a Country of Origin Certificate Reference No. 062-62 AGUIPEX/2023, dated 18.09.2023, issued by the Government of Guinea under the Duty-Free Tariff Preference Scheme for Least Developed Countries.
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