https://www.taxtmi.com/caselaws?id=73846 Gold ornaments owned by customers cannot be confiscated for a dealer's contravention of the Gold (Control) law unless the owners' knowledge or connivance is established; the customer-owned quantity was therefore not liable. Non-maintenance of accounts, failure to issue vouchers, and absence of proper statutory records amounted to substantive accounting defaults, so confiscation of the balance quantity was justified. Where part of the seized gold was claimed to be below the statutory purity level or to contain foreign matter, confiscation could not rest on that claim without proper testing and verification; the disputed quantity was excluded to that extent. The confiscation and penalty were sustained only for the properly established balance. en-us Thu, 25 Feb 1988 00:00:00 +0530 Wed, 01 Feb 2012 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73846 Gold ornaments owned by customers cannot be confiscated for a dealer's contravention of the Gold (Control) law unless the owners' knowledge or connivance is established; the customer-owned quantity was therefore not liable. Non-maintenance of accounts, failure to issue vouchers, and absence of proper statutory records amounted to substantive accounting defaults, so confiscation of the balance quantity was justified. Where part of the seized gold was claimed to be below the statutory purity level or to contain foreign matter, confiscation could not rest on that claim without proper testing and verification; the disputed quantity was excluded to that extent. The confiscation and penalty were sustained only for the properly established balance. Case-Laws Central Excise Thu, 25 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73846