https://www.taxtmi.com/caselaws?id=72110 The Tribunal upheld the penalty imposed on the appellant under Section 112(b)(i) of the Customs Act, 1962 for possession of foreign origin wrist watches. The decision emphasized constructive possession, rejecting the argument that physical possession is necessary for acquisition. Evidence including witness statements and the appellant's conduct supported the finding of involvement in handling the seized goods. The Tribunal deemed the evidence sufficient to establish the appellant's connection to the watches, leading to the dismissal of the appeal against the penalty. en-us Thu, 29 Aug 1985 00:00:00 +0530 Thu, 12 May 2011 10:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72110 The Tribunal upheld the penalty imposed on the appellant under Section 112(b)(i) of the Customs Act, 1962 for possession of foreign origin wrist watches. The decision emphasized constructive possession, rejecting the argument that physical possession is necessary for acquisition. Evidence including witness statements and the appellant's conduct supported the finding of involvement in handling the seized goods. The Tribunal deemed the evidence sufficient to establish the appellant's connection to the watches, leading to the dismissal of the appeal against the penalty. Case-Laws Customs Thu, 29 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72110