https://www.taxtmi.com/caselaws?id=90423 Confiscation of Indian currency as alleged sale proceeds of smuggled gold was held unsustainable because the Customs Act requires legal evidence linking the money to contraband. The Department had to establish a reasonable belief and prove the nexus under Section 121, but there was no seizure of gold, the respondent's statement was promptly retracted, supporting documents were produced, and no corroborative evidence showed that the currency represented sale proceeds of smuggled goods. Mere suspicion and conflicting statements were insufficient to justify confiscation, so the Revenue appeal failed. en-us Tue, 21 Oct 1997 00:00:00 +0530 Fri, 17 May 2019 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90423 Confiscation of Indian currency as alleged sale proceeds of smuggled gold was held unsustainable because the Customs Act requires legal evidence linking the money to contraband. The Department had to establish a reasonable belief and prove the nexus under Section 121, but there was no seizure of gold, the respondent's statement was promptly retracted, supporting documents were produced, and no corroborative evidence showed that the currency represented sale proceeds of smuggled goods. Mere suspicion and conflicting statements were insufficient to justify confiscation, so the Revenue appeal failed. Case-Laws Customs Tue, 21 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90423