https://www.taxtmi.com/caselaws?id=73717 The Bombay High Court upheld the revisional order under the Gold (Control) Act, 1968, finding that the shop owner had dealt in gold without a valid licence and therefore contravened Section 27(1). The Court accepted the authorities' conclusion that the seized gold ornaments belonged to the shop owner, relying on the statements of the parties and surrounding circumstances, and rejected the claim that the ornaments were merely held for safekeeping. The challenge to the penalties and confiscation failed, and the petition was dismissed. en-us Tue, 15 Jul 1986 00:00:00 +0530 Wed, 25 Jan 2012 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73717 The Bombay High Court upheld the revisional order under the Gold (Control) Act, 1968, finding that the shop owner had dealt in gold without a valid licence and therefore contravened Section 27(1). The Court accepted the authorities' conclusion that the seized gold ornaments belonged to the shop owner, relying on the statements of the parties and surrounding circumstances, and rejected the claim that the ornaments were merely held for safekeeping. The challenge to the penalties and confiscation failed, and the petition was dismissed. Case-Laws Central Excise Tue, 15 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73717