https://www.taxtmi.com/caselaws?id=81666 The Tribunal upheld the seizure and confiscation of foreign marked gold biscuits and Indian currency from appellant M.T. Chauhan under the Customs Act, 1962, and the Gold (Control) Act, 1968. The penalties imposed on Chauhan were affirmed, considering the nexus between the contraband goods and the seized currency. Chauhan's inculpatory statement was deemed voluntary, and his retraction was rejected. The exoneration of a third party did not absolve Chauhan of guilt. The confiscation of the currency as sale proceeds was upheld, while the penalty under the Gold (Control) Act, 1968, was reduced to Rs. 10,000 due to the Act's repeal and Chauhan's circumstances as a COFEPOSA detenu. Appellant Hirachand's appeal was dismissed for lack of specific relief sought. en-us Tue, 07 Jan 1992 00:00:00 +0530 Tue, 28 Jun 2011 10:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81666 The Tribunal upheld the seizure and confiscation of foreign marked gold biscuits and Indian currency from appellant M.T. Chauhan under the Customs Act, 1962, and the Gold (Control) Act, 1968. The penalties imposed on Chauhan were affirmed, considering the nexus between the contraband goods and the seized currency. Chauhan's inculpatory statement was deemed voluntary, and his retraction was rejected. The exoneration of a third party did not absolve Chauhan of guilt. The confiscation of the currency as sale proceeds was upheld, while the penalty under the Gold (Control) Act, 1968, was reduced to Rs. 10,000 due to the Act's repeal and Chauhan's circumstances as a COFEPOSA detenu. Appellant Hirachand's appeal was dismissed for lack of specific relief sought. Case-Laws Customs Tue, 07 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81666