https://www.taxtmi.com/caselaws?id=87488 The Appellate Tribunal CEGAT, Madras allowed the appeal in favor of the appellant, setting aside the penalty imposed under the Customs Act, 1962 and the Gold (Control) Act, 1968. The Tribunal emphasized the lack of substantial evidence connecting the appellant to the seized gold biscuits, highlighting that a retracted statement alone was insufficient to establish guilt in penal proceedings. Due to the absence of concrete proof linking the appellant to the offense and the principle that penalties cannot be solely based on retracted statements, the Tribunal granted the appellant the benefit of doubt, ultimately overturning the penalty. en-us Mon, 03 Jul 1995 00:00:00 +0530 Tue, 06 Sep 2011 13:31:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87488 The Appellate Tribunal CEGAT, Madras allowed the appeal in favor of the appellant, setting aside the penalty imposed under the Customs Act, 1962 and the Gold (Control) Act, 1968. The Tribunal emphasized the lack of substantial evidence connecting the appellant to the seized gold biscuits, highlighting that a retracted statement alone was insufficient to establish guilt in penal proceedings. Due to the absence of concrete proof linking the appellant to the offense and the principle that penalties cannot be solely based on retracted statements, the Tribunal granted the appellant the benefit of doubt, ultimately overturning the penalty. Case-Laws Customs Mon, 03 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87488