The tribunal set aside the absolute confiscation of 377 grams of gold worth Rs 19 lakh and quashed the penalty imposed by customs authorities. Hyderabad: A Hyderabad jeweller has won relief from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), which ruled that the absence of purchase invoices accompanying a domestic courier consignment cannot, by itself, be treated as proof of smuggling or illegal import of gold.
The gold was being sent to Parshva Jewellers in Mumbai through a domestic courier as Covid-19 restrictions had disrupted regular business operations, according to him. The department also cast doubt on a laboratory certificate issued in Dec 2024, nearly four years after the seizure.
He said he had purchased old jewellery from customers and got it melted through Sachin gold testing laboratory in Hyderabad. Razzak, however, contended that the gold was sourced locally. Customs argued that Razzak had failed to produce contemporaneous purchase records, melting challans, stock registers and transportation documents. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad