https://www.taxtmi.com/caselaws?id=73844 Voluntary inculpatory statements, corroborated by seizure of concealed, unaccounted gold stock, were treated as sufficient to sustain confiscation and penalty against the licensed dealer under the Gold (Control) Act, 1968; the belated retraction and objection to notice issuance did not defeat the action. A claim that seized ornaments were merely family ornaments failed where the items were found in trade quantities and lacked supporting records, so contravention was upheld against the certified goldsmiths with reduced penalty. The charge of abetment against the remaining appellants failed because an unsuccessful claim to the goods, without independent proof of intentional participation, was insufficient. en-us Thu, 18 Feb 1988 00:00:00 +0530 Wed, 01 Feb 2012 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73844 Voluntary inculpatory statements, corroborated by seizure of concealed, unaccounted gold stock, were treated as sufficient to sustain confiscation and penalty against the licensed dealer under the Gold (Control) Act, 1968; the belated retraction and objection to notice issuance did not defeat the action. A claim that seized ornaments were merely family ornaments failed where the items were found in trade quantities and lacked supporting records, so contravention was upheld against the certified goldsmiths with reduced penalty. The charge of abetment against the remaining appellants failed because an unsuccessful claim to the goods, without independent proof of intentional participation, was insufficient. Case-Laws Central Excise Thu, 18 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73844