https://www.taxtmi.com/caselaws?id=76391 The Tribunal upheld the absolute confiscation of smuggled gold bars due to substantial evidence of smuggling and lack of credible contrary evidence. The appellants' affidavits and documents were deemed self-serving and contradictory. The applicability of Section 123 of the Customs Act, 1962, was affirmed, and penalties imposed on the individuals involved were reduced to more reasonable amounts considering the circumstances. en-us Wed, 23 Sep 2009 00:00:00 +0530 Wed, 23 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76391 The Tribunal upheld the absolute confiscation of smuggled gold bars due to substantial evidence of smuggling and lack of credible contrary evidence. The appellants' affidavits and documents were deemed self-serving and contradictory. The applicability of Section 123 of the Customs Act, 1962, was affirmed, and penalties imposed on the individuals involved were reduced to more reasonable amounts considering the circumstances. Case-Laws Customs Wed, 23 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76391