https://www.taxtmi.com/caselaws?id=72340 The court upheld the confiscation of 230 silver coins as bullion under the Customs Act. The appellant's argument that the seized coins were not coins but bullion was accepted, as they lacked the necessary characteristics of coins issued by a sovereign authority for use as money. Despite religious emblems, the coins were considered bullion based on legal definitions and notifications. The court rejected the appellant's appeal, affirming the absolute confiscation of the silver coins as bullion, emphasizing the importance of preventing misuse by smugglers. en-us Wed, 30 Apr 1986 00:00:00 +0530 Wed, 18 May 2011 16:45:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72340 The court upheld the confiscation of 230 silver coins as bullion under the Customs Act. The appellant's argument that the seized coins were not coins but bullion was accepted, as they lacked the necessary characteristics of coins issued by a sovereign authority for use as money. Despite religious emblems, the coins were considered bullion based on legal definitions and notifications. The court rejected the appellant's appeal, affirming the absolute confiscation of the silver coins as bullion, emphasizing the importance of preventing misuse by smugglers. Case-Laws Customs Wed, 30 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72340