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Customs - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Import of Gold granules (non-monetary) - gold granules were ...


Importer Legally Allowed to Import Non-Monetary Gold Granules with Advance Payment via Bank Letter of Credit or Swift.

December 6, 2018

Case Laws     Customs     AT

Import of Gold granules (non-monetary) - gold granules were neither imported on a consignment basis nor on a credit basis - The importer/appellant paid an advance payment through bank Letter of Credit/Swift - the contention that the Appellants are prohibited from importing gold granules, is not legally sustainable

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