https://www.taxtmi.com/caselaws?id=72341 Foreign-origin precious stones were held liable to confiscation even though Section 123 of the Customs Act, 1962 was inapplicable, because confiscation could be founded on cogent circumstantial evidence, the admitted foreign origin, and the possessor's failure to prove lawful import, acquisition, or possession of facts within special knowledge. The unreliable later vouchers did not rebut the inference of smuggling. Penalty was also sustained because conscious possession and guilty knowledge could be inferred from the totality of circumstances, including the absence of credible supporting evidence. The record therefore supported both confiscation and penal action on the basis of inferred smuggling and conscious possession. en-us Wed, 30 Apr 1986 00:00:00 +0530 Wed, 18 May 2011 16:52:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72341 Foreign-origin precious stones were held liable to confiscation even though Section 123 of the Customs Act, 1962 was inapplicable, because confiscation could be founded on cogent circumstantial evidence, the admitted foreign origin, and the possessor's failure to prove lawful import, acquisition, or possession of facts within special knowledge. The unreliable later vouchers did not rebut the inference of smuggling. Penalty was also sustained because conscious possession and guilty knowledge could be inferred from the totality of circumstances, including the absence of credible supporting evidence. The record therefore supported both confiscation and penal action on the basis of inferred smuggling and conscious possession. Case-Laws Central Excise Wed, 30 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72341