https://www.taxtmi.com/caselaws?id=75082 The Tribunal overturned the confiscation of 30.175 Kgs. of silver and the Rs. 10,000 penalty imposed on the appellant, citing a CBEC Circular exempting silver bullion under 100 Kgs. The Circular shifted the burden of proof to the seizing party and specified conditions for seizure. As the confiscated silver met exemption criteria, the Tribunal set aside the penalty and confiscation to prevent undue harassment and address smuggling concerns. The appeal was allowed based on the Circular's interpretation, emphasizing adherence to customs regulations. en-us Tue, 05 May 2009 00:00:00 +0530 Mon, 22 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75082 The Tribunal overturned the confiscation of 30.175 Kgs. of silver and the Rs. 10,000 penalty imposed on the appellant, citing a CBEC Circular exempting silver bullion under 100 Kgs. The Circular shifted the burden of proof to the seizing party and specified conditions for seizure. As the confiscated silver met exemption criteria, the Tribunal set aside the penalty and confiscation to prevent undue harassment and address smuggling concerns. The appeal was allowed based on the Circular's interpretation, emphasizing adherence to customs regulations. Case-Laws Customs Tue, 05 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75082