https://www.taxtmi.com/caselaws?id=73785 A retracted statement may still be treated as voluntary and admissible where the delay in retraction is unexplained and the surrounding circumstances support credibility. Seized gold ornaments were not to be confiscated in full without proper examination of third-party and family ownership, because third-party ornaments required proof of knowledge or connivance before confiscation. Contravention of the prohibition on dealing in gold without licence was established from the account books, possession of primary gold, and the appellant's own statement, but the penalty had to be imposed individually rather than as a joint liability. The redemption fine and penalty were therefore reduced and reworked. en-us Mon, 04 Jul 1988 00:00:00 +0530 Wed, 01 Feb 2012 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73785 A retracted statement may still be treated as voluntary and admissible where the delay in retraction is unexplained and the surrounding circumstances support credibility. Seized gold ornaments were not to be confiscated in full without proper examination of third-party and family ownership, because third-party ornaments required proof of knowledge or connivance before confiscation. Contravention of the prohibition on dealing in gold without licence was established from the account books, possession of primary gold, and the appellant's own statement, but the penalty had to be imposed individually rather than as a joint liability. The redemption fine and penalty were therefore reduced and reworked. Case-Laws Central Excise Mon, 04 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73785