https://www.taxtmi.com/caselaws?id=72615 Gold found in contravention of the Gold Control Act, 1968 was treated as liable to confiscation, and section 71 was read to extend confiscation to the package, covering or receptacle in which the gold was found. On that basis, confiscation of the seized gold and ornaments was upheld. The redemption fine was also maintained as not excessive in light of the quantity involved. However, the personal penalty was reduced because the extent of the appellant's involvement justified limited interference. The appeal therefore succeeded only to the extent of reducing the personal penalty, while confiscation and redemption fine were sustained. en-us Thu, 06 Nov 1986 00:00:00 +0530 Wed, 25 Jan 2012 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72615 Gold found in contravention of the Gold Control Act, 1968 was treated as liable to confiscation, and section 71 was read to extend confiscation to the package, covering or receptacle in which the gold was found. On that basis, confiscation of the seized gold and ornaments was upheld. The redemption fine was also maintained as not excessive in light of the quantity involved. However, the personal penalty was reduced because the extent of the appellant's involvement justified limited interference. The appeal therefore succeeded only to the extent of reducing the personal penalty, while confiscation and redemption fine were sustained. Case-Laws Central Excise Thu, 06 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72615