https://www.taxtmi.com/caselaws?id=90919 Gold pieces bearing foreign marking attracted the reverse burden under Section 123 of the Customs Act, 1962, and the possessor's failure to give clear particulars of acquisition left the explanation unsatisfactory. On those facts, confiscation was sustainable because the claim that the gold had no foreign marking was factually incorrect and no proper lawful source was shown. The redemption fine, however, was found excessive and was reduced. en-us Thu, 25 Mar 1999 00:00:00 +0530 Wed, 12 Oct 2011 15:46:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90919 Gold pieces bearing foreign marking attracted the reverse burden under Section 123 of the Customs Act, 1962, and the possessor's failure to give clear particulars of acquisition left the explanation unsatisfactory. On those facts, confiscation was sustainable because the claim that the gold had no foreign marking was factually incorrect and no proper lawful source was shown. The redemption fine, however, was found excessive and was reduced. Case-Laws Customs Thu, 25 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90919