https://www.taxtmi.com/caselaws?id=73899 Penal confiscation of currency under the Customs Act requires acceptable legal evidence, direct or circumstantial, that the money represents sale proceeds of contraband goods; a mere doubt about source is insufficient, and an inference based on surmise cannot sustain confiscation. The note also states that where a licensed gold dealer was acting under an operative interim court order permitting business through travelling salesmen, the licensing restriction could not be applied to treat the transactions as a contravention of the Gold (Control) Act. On that reasoning, both the currency confiscation and the associated fine and penalty were set aside. en-us Fri, 12 Aug 1988 00:00:00 +0530 Sat, 04 Jun 2011 12:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73899 Penal confiscation of currency under the Customs Act requires acceptable legal evidence, direct or circumstantial, that the money represents sale proceeds of contraband goods; a mere doubt about source is insufficient, and an inference based on surmise cannot sustain confiscation. The note also states that where a licensed gold dealer was acting under an operative interim court order permitting business through travelling salesmen, the licensing restriction could not be applied to treat the transactions as a contravention of the Gold (Control) Act. On that reasoning, both the currency confiscation and the associated fine and penalty were set aside. Case-Laws Customs Fri, 12 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73899