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Customs - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Import of gold sovereigns - Mere declaring the value of the gold ...


Declaring Imported Gold Sovereigns in Tax Returns Doesn't Prove Legal Acquisition or Possession.

November 25, 2013

Case Laws     Customs     AT

Import of gold sovereigns - Mere declaring the value of the gold coins and reflecting the same in their Income Tax Returns would not ipso facto establish that these gold coins were acquired/possessed licitly by him - AT

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