https://www.taxtmi.com/caselaws?id=72745 The tribunal upheld the seizure of three gold bars but set aside the confiscation of Indian currency and Travellers' Cheques, as well as foreign currency, due to lack of legal evidence. The appellant's challenge regarding the legality of the seizure was rejected, with the tribunal determining that the recovery of gold bars with foreign markings justified the seizure under the Customs Act, 1962. The appellant's disclaimed knowledge of the gold was dismissed, and the penalty for the foreign currency was reduced. en-us Thu, 14 Aug 1986 00:00:00 +0530 Tue, 24 May 2011 17:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72745 The tribunal upheld the seizure of three gold bars but set aside the confiscation of Indian currency and Travellers' Cheques, as well as foreign currency, due to lack of legal evidence. The appellant's challenge regarding the legality of the seizure was rejected, with the tribunal determining that the recovery of gold bars with foreign markings justified the seizure under the Customs Act, 1962. The appellant's disclaimed knowledge of the gold was dismissed, and the penalty for the foreign currency was reduced. Case-Laws Customs Thu, 14 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72745