ALO Law Office- IDT Tax I Arbitration I Litigation
Date: 07.07.2025
CESTAT Delhi Sets Aside Penalties on Small Jewellers
Background
The appellantsβsmall-scale jewellers from Panipat, Haryanaβwere caught in a DRI-led raid at a Karol Bagh shop in 2018. Large quantities of gold bars of foreign origin and Indian currency exceeding βΉ3 crore were seized. The jewellers were found with cash amounts ranging between βΉ3.1 lakhs and βΉ9.5 lakhs, allegedly meant to buy gold from a person.
The Customs Department issued a Show Cause Notice alleging that the appellants were conspirators in the smuggling of foreign-origin gold, proposing confiscation of currency under Section 121 and penalties under Section 117 of the Customs Act, 1962.
This Article has been written by Shri Ravi Shekhar Jha, Advocate Delhi High Court based on his interpretation of the law. He can be reached at his email id intelconsul@gmail.com or on his Mobile +91-9999005379.
Source: CESTAT Delhi
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