https://www.taxtmi.com/caselaws?id=83250 The Tribunal upheld the confiscation of gold and gold ornaments valued at Rs. 19,85,727 under Sections 111(d), 111(l), and 111(m) of the Customs Act, 1962, due to lack of credible evidence supporting the appellant's claims and the deliberate attempt to smuggle gold. Penalties imposed under Section 112(a) and 112(b) were reduced considering the circumstances, with the main appellant fined Rs. 2,00,000 and other appellants fined Rs. 15,000 and Rs. 10,000 respectively. The appeals were otherwise dismissed, emphasizing the Tribunal's findings on the lack of evidence and the smuggling attempt. en-us Thu, 05 May 1994 00:00:00 +0530 Tue, 12 Jul 2011 11:13:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83250 The Tribunal upheld the confiscation of gold and gold ornaments valued at Rs. 19,85,727 under Sections 111(d), 111(l), and 111(m) of the Customs Act, 1962, due to lack of credible evidence supporting the appellant's claims and the deliberate attempt to smuggle gold. Penalties imposed under Section 112(a) and 112(b) were reduced considering the circumstances, with the main appellant fined Rs. 2,00,000 and other appellants fined Rs. 15,000 and Rs. 10,000 respectively. The appeals were otherwise dismissed, emphasizing the Tribunal's findings on the lack of evidence and the smuggling attempt. Case-Laws Customs Thu, 05 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83250