https://www.taxtmi.com/caselaws?id=73884 The appeals (C/643 and 661/87MAS) were dismissed for default as the appellants were absent without representation. Appellant Maricayar was penalized Rs. 25,000 under Section 112(a) of the Customs Act, 1962, for possession of currency believed to be proceeds from contraband gold. Despite challenges to the legality of the search and seizure, the tribunal deemed Maricayar's statement voluntary and upheld the penalty, reducing it to Rs. 15,000. The tribunal confirmed Maricayar's involvement in the contraband gold trade and dismissed the appeal with the modified penalty amount. en-us Fri, 22 Jul 1988 00:00:00 +0530 Sat, 04 Jun 2011 11:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73884 The appeals (C/643 and 661/87MAS) were dismissed for default as the appellants were absent without representation. Appellant Maricayar was penalized Rs. 25,000 under Section 112(a) of the Customs Act, 1962, for possession of currency believed to be proceeds from contraband gold. Despite challenges to the legality of the search and seizure, the tribunal deemed Maricayar's statement voluntary and upheld the penalty, reducing it to Rs. 15,000. The tribunal confirmed Maricayar's involvement in the contraband gold trade and dismissed the appeal with the modified penalty amount. Case-Laws Customs Fri, 22 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73884