https://www.taxtmi.com/caselaws?id=82279 Currency proved to be the sale proceeds of contraband gold was held liable to absolute confiscation, as the seizure was supported by the mahazar and the appellant's voluntary confessional statement was accepted; the belated retraction and unsupported claim that the money belonged to his sister were rejected. The penalty was nonetheless reduced because the appellant's role was limited to custody of the articles, the gold and currency had already been absolutely confiscated, and the surrounding circumstances warranted leniency. The confiscation was sustained, while the penalty was scaled down with refund of the excess. en-us Tue, 01 Dec 1992 00:00:00 +0530 Mon, 04 Jul 2011 10:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82279 Currency proved to be the sale proceeds of contraband gold was held liable to absolute confiscation, as the seizure was supported by the mahazar and the appellant's voluntary confessional statement was accepted; the belated retraction and unsupported claim that the money belonged to his sister were rejected. The penalty was nonetheless reduced because the appellant's role was limited to custody of the articles, the gold and currency had already been absolutely confiscated, and the surrounding circumstances warranted leniency. The confiscation was sustained, while the penalty was scaled down with refund of the excess. Case-Laws Customs Tue, 01 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82279