Chatroom: ‘Absolute Confiscation’ need not lead only to destruction’ (Soban News)

Absolute confiscation vests goods with govt but disposal may include auction, sale or destruction; overvaluation attracts penalties under customs act, while GST export lapses trigger tax liability​Absolute confiscation vests goods with govt but disposal may include auction, sale or destruction; overvaluation attracts penalties under customs act, while GST export lapses trigger tax liability ​Latest News [ SOBAN NEWS: International and National ]