Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Gold bars Weighing More than 1kg is Prohibited u/s 2(33) of Customs Act: Madras HC rules No Redemption allowed
Excise, VAT & CustomOther Legal Matters
The Madras High Court has ruled that "gold bars weighing more than 1kg" are prohibited under the Customs Act. The court's decision came in a case where the owner of the gold sought its release. The ruling clarifies the legal position on the import of gold and the restrictions that apply. This judgment reinforces the strict regulations on the import of precious metals and the consequences of violating them.
