Smuggled goods - if the assessee has neither sold the smuggled ...

Section 121 of Customs Act, 1962, not applicable if no sale or knowledge of smuggling foreign currencies.

April 25, 2013

Case Laws     Customs     HC

Smuggled goods - if the assessee has neither sold the smuggled goods (foreign currencies) nor the assessee had any knowledge that the foreign currencies are going to be smuggled out of India, the question of invoking Section 121 of the 1962 Act does not arise at all. - HC

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