Complete seizure process step by step

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..... Sir please let me described the steps of the seizure process step by step while a conveyance carrying the illegal exportation of goods. - Reply By KASTURI SETHI - The Reply = 1.Panchnama will be drawn. 2 Seizure Memo will be prepared. Thus goods are seized. 3.Vehicle will be impounded. 4. Seized goods along with vehicle will be kept in the Govt. Custody till the provisional release. Show cause n .....

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..... otice will be issued for confiscation of goods and vehicle subject to the release witb R.F.Penalty will be imposed. - Reply By KASTURI SETHI - The Reply = 1.Panchnama 2.Seizure memo for both goods and Vehicle. 3. Both will be taken into the premises of Govt. Office. 4. Goods and vehicle are released provisionally subject to Bond/Bank Guarantee.5.Investigation is done. 6.After completion of inves .....

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..... tigation, SCN is issued for confiscation of goods along with vehicle and imposition of penalty and R.F. 7. Case is adjudicated. Penalty is imposed upon all offenders that is Owner, dealing person and driver. Hope after this information every assessee will be careful. - Reply By KASTURI SETHI - The Reply = First reply was not posted. It was delayed. So second detailed reply is posted. - Reply B .....

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..... y YAGAY and SUN - The Reply = Please check Section 10 of the FT(D R) Act read with Rule15 of FT (D R) Rules in this regard. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Shri Sethi. - Complete seizure process step by step - Query Started By: - Sudhir Kumar Dated:- 1-7-2018 Customs - Import - Export - Customs - SEZ - Got 5 Replies - Customs - Discussion Foru .....

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..... m - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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