friends plz tell me the difference between seizure of goods & confiscation of goods.
dishant Bhatt (CA FINAL STUDENT) (158 Points)
08 October 2009friends plz tell me the difference between seizure of goods & confiscation of goods.
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 08 October 2009
In seizure good are returned by dept. but in confiscation goods are not returned by dept.
they are permanently kept by dept.
Lokesh_Agarwal
(tax consultant)
(81 Points)
Replied 08 October 2009
| Originally posted by :Dishant Bhatt | ||
| " | friends plz tell me the difference between seizure of goods & confiscation of goods. | " |
in seizure the property of goods seized is remain with the true owner n only the right to dispose is suspended but in confiscation the owner ship is terminated
CAclubindia
