legal tender and infact
were more akin to medals or medallions and were loosely or
colloquially described as gold coins.
5. The appellants claimed classification ... ABANS that
the subject goods are more akin to medals or medallions struck
in the form of a coin. As per the Oxford Dictionary
Joseph Augustinee and certain folders relating to import of gold and silver medallions, Xerox copies of extracts of stock register, physical stock verification report ... that QEIPL is a direct marketing company dealing in gold and silver medallions and GQIPL is the supplier of gold and silver coins to QEIPL
Officer found that the assessee had purchased "gold dollars" (gold medallions carrying the likeness of Gods and Goddesses) and distributed them ... this regard he found that the discount in the form of gold medallions ranging in weight from 2 gms. to 4 gms. each were given
assessee got export orders from Dubai for manufacture and
export of the ‗medallions'. Accordingly, he manufactured gold medallions from gold
bars at Special Economic ... only for
two days i.e., 25.9.2008 and 13.10.2008 and exported medallions immediately on
the next day and earned the above stated income
dated 20.03.2023 goods declared as
"Articles of Gold, 22 Karat Gold Medallions Purity 91.60% (14180
grams) (709Pcs)" valued ... impugned goods i.e. the Gold coins (declared by Appellant
as Gold medallion), not being legal tender;
c. CTH 7118 covers coins which is also
manufacture;
b. the classification of the Gold/Silver Coins, Bars, Medal
Medallions, and gift items; and
c. whether the benefit of Notification No. 05/2006 ... Appellant is engaged in sale of Gold /Silver
Bars, Coins, Medals and Medallion and gift items which are
manufactured by them on job work basis
engaged in trading of gold ornaments and manufacturing of
gold medallions was assessed for year under consideration u/s 143(3)
on 16/03/2015 ... claimed deduction u/s 10AA
on conversion of gold bars into coins / medallions which was denied to
the assessee and the same form subject matter
2311 & 2312/Mds/15
manufacturing gold pendants/medallions for export. In fact, the
Special Economic Zone by an order dated 10.06.2008, approved
the assessee ... manufacturing of gold bangles and gold pendants/
medallions. The assessee commenced the trial production of gold
pendants/medallions in April, 2009, within one year from
Commissioner of Income Tax (Appeals) failed to appreciate that
manufacture of Gold Medallions amounted to 'Manufacture' under the provisions ... blending, repair, remaking, re-engineering etc., and
that the manufacture of Gold Medallions from raw gold would certainly amount to
'Manufacture' under
gold bars of Rs.4.57 crores from M/s.N.K.Medallion Gold Pvt.
Ltd. without establishing essential ingredients of factum of such purchases ... crores by stating that such party M/s.N.K.Medallion Gold
Ltd. was genuine although notice issued u/s.133(6) of the Income
