https://www.taxtmi.com/caselaws?id=90138 Confiscation of foreign currency and a scooter, together with penalty, was found unsustainable where the alleged sale proceeds of smuggled goods were not proved by independent corroboration. The appellant's statement under section 108 of the Customs Act had been promptly retracted and, by itself, was insufficient to establish the smuggled origin of the gold, the identity of the parties to the alleged transaction, or the factual basis needed for confiscation and penalty. The text states that suspicion or an uncorroborated admission cannot replace cogent proof of the underlying smuggling transaction. en-us Tue, 21 Jul 1998 00:00:00 +0530 Mon, 03 Oct 2011 17:28:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90138 Confiscation of foreign currency and a scooter, together with penalty, was found unsustainable where the alleged sale proceeds of smuggled goods were not proved by independent corroboration. The appellant's statement under section 108 of the Customs Act had been promptly retracted and, by itself, was insufficient to establish the smuggled origin of the gold, the identity of the parties to the alleged transaction, or the factual basis needed for confiscation and penalty. The text states that suspicion or an uncorroborated admission cannot replace cogent proof of the underlying smuggling transaction. Case-Laws Customs Tue, 21 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90138