https://www.taxtmi.com/caselaws?id=73235 Seized gold and ornaments were required to be restored because the goods were found in the possession or control of a necessary party who had not been served the mandatory notice, and the notice defect could not be cured after expiry of the prescribed period. The seizure was therefore set aside to that extent. Separate penalty liability for failure to maintain proper accounts and breach of Gold Control requirements was sustained on the basis of the account records and contemporaneous statement showing joint responsibility, but the penalty was found excessive on the facts and was reduced. en-us Mon, 12 May 1986 00:00:00 +0530 Wed, 25 Jan 2012 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73235 Seized gold and ornaments were required to be restored because the goods were found in the possession or control of a necessary party who had not been served the mandatory notice, and the notice defect could not be cured after expiry of the prescribed period. The seizure was therefore set aside to that extent. Separate penalty liability for failure to maintain proper accounts and breach of Gold Control requirements was sustained on the basis of the account records and contemporaneous statement showing joint responsibility, but the penalty was found excessive on the facts and was reduced. Case-Laws Central Excise Mon, 12 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73235