https://www.taxtmi.com/caselaws?id=80459 The Appellate Tribunal CEGAT, New Delhi upheld the fine of Rs. 50,000 in lieu of confiscation of a truck used for transporting contraband goods. Despite acknowledging the appellant's plea and extending the benefit of the doubt, the Tribunal emphasized that the quantum of fine is determined by the specific circumstances of each case. Considering the significant amount of silver found in the truck, the Tribunal maintained the imposed fine based on the nature and quantity of the smuggled goods. en-us Wed, 18 Apr 1990 00:00:00 +0530 Thu, 16 Jun 2011 18:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80459 The Appellate Tribunal CEGAT, New Delhi upheld the fine of Rs. 50,000 in lieu of confiscation of a truck used for transporting contraband goods. Despite acknowledging the appellant's plea and extending the benefit of the doubt, the Tribunal emphasized that the quantum of fine is determined by the specific circumstances of each case. Considering the significant amount of silver found in the truck, the Tribunal maintained the imposed fine based on the nature and quantity of the smuggled goods. Case-Laws Income Tax Wed, 18 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80459