2017 (5) TMI 1765 - SCH - Customs

Jurisdiction - certification of correctness of inventory - conduct of proceedings under Section 110(1B) of the Customs Act, 1962 - Binding precedent or not - HELD THAT - The special leave petition is dismissed leaving the question of law open. It is agreed that verification of the stocks in question, for the purpose of Section 110(IB) of the Customs Act, 1962, be made by the Judicial Magistrate or any person authorised by him for the purpose. No objection shall be raised in this regard by the parties concerned.

Summary

The Supreme Court of India dismissed the special leave petition, leaving the question of law open. Verification of stocks under Section 110(IB) of the Customs Act, 1962, to be done by Judicial Magistrate or authorized person. No objections from parties. Pending applications to be disposed of.