Deptt. seized bank account of assessee as it contained sale proceeds of smuggled goods [2015] 58 taxmann.com 32 (Delhi)

Excise & Customs : Where department alleges that assessee’s bank account was credited with sale proceeds of smuggled goods and assessee fails to prove, prima facie, that proceeds were not tainted, department’s action in freezing bank account was valid [Section 121 of the Customs Act, 1962 – Confiscation of sale proceeds of smuggled goods]

Leave a Reply