https://www.taxtmi.com/caselaws?id=72552 Under the gold control law, a proven shortage of gold ornaments in shop records attracted penalty even though the ornaments were not physically available for confiscation, because the contravention was established from statutory records and physical verification. Absolute confiscation of a gold piece could not rest on purity alone; absent a definite finding of smuggling or equivalent contraband character, redemption on fine was required. Confiscation of primary gold found in the residence was upheld where the explanation that it represented melted ornaments was rejected on the surrounding circumstances. Penalty for non-declaration of ornaments was reduced because liability could attach only to the portion actually shown to have required declaration. en-us Fri, 08 Aug 1986 00:00:00 +0530 Wed, 25 Jan 2012 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72552 Under the gold control law, a proven shortage of gold ornaments in shop records attracted penalty even though the ornaments were not physically available for confiscation, because the contravention was established from statutory records and physical verification. Absolute confiscation of a gold piece could not rest on purity alone; absent a definite finding of smuggling or equivalent contraband character, redemption on fine was required. Confiscation of primary gold found in the residence was upheld where the explanation that it represented melted ornaments was rejected on the surrounding circumstances. Penalty for non-declaration of ornaments was reduced because liability could attach only to the portion actually shown to have required declaration. Case-Laws Central Excise Fri, 08 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72552