Seized gold ornaments to be released upon payment of fine, as stock-in-trade exemption applies.

Case-Laws – GST – Highlights – Petitioner sought implementation of Appellate Authority’s order to release seized gold ornaments due to discrepancy between delivery challan quantity and actual quantity. Court held that although goods are liable for confis

Seized gold ornaments to be released upon payment of fine, as stock-in-trade exemption applies.
Case-Laws
GST
Petitioner sought implementation of Appellate Authority's order to release seized gold ornaments due to discrepancy between delivery challan quantity and actual quantity. Court held that although goods are liable for confiscation, they can be released upon payment of fine considering they are petitioner's stock-in-trade. Petitions disposed, directing release of entire 1647.970 g

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