https://www.taxtmi.com/caselaws?id=84175 The Tribunal upheld the imposition of a personal penalty of Rs. 40,000 on the appellant by the Additional Collector of Customs (P) Bombay for smuggling gold bars. The appellant's inculpatory statements, despite being retracted, were deemed credible due to corroborating evidence, including his frequent foreign travels and identification of accomplices. The Tribunal clarified that the appellant's acquittal in a criminal prosecution did not impact the customs adjudication proceedings, as the standards of evidence differ. The penalty was upheld, and the appeal was rejected. en-us Fri, 28 Apr 1995 00:00:00 +0530 Wed, 20 Jul 2011 12:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84175 The Tribunal upheld the imposition of a personal penalty of Rs. 40,000 on the appellant by the Additional Collector of Customs (P) Bombay for smuggling gold bars. The appellant's inculpatory statements, despite being retracted, were deemed credible due to corroborating evidence, including his frequent foreign travels and identification of accomplices. The Tribunal clarified that the appellant's acquittal in a criminal prosecution did not impact the customs adjudication proceedings, as the standards of evidence differ. The penalty was upheld, and the appeal was rejected. Case-Laws Customs Fri, 28 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84175