https://www.taxtmi.com/caselaws?id=91280 Stamped gold ornaments did not contravene the applicable stamping requirement merely because assayed purity was lower than the purity marked by a licensed dealer. The statutory scheme required stamping to certify purity but did not treat a discrepancy between actual and stamped purity as a breach of that requirement. As confiscation depended on a statutory contravention, and penalty could arise only where the gold was liable to confiscation, neither confiscation nor penalty was sustainable. The penalty order was set aside with consequential relief. en-us Sat, 17 Oct 1998 00:00:00 +0530 Mon, 17 Oct 2011 10:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91280 Stamped gold ornaments did not contravene the applicable stamping requirement merely because assayed purity was lower than the purity marked by a licensed dealer. The statutory scheme required stamping to certify purity but did not treat a discrepancy between actual and stamped purity as a breach of that requirement. As confiscation depended on a statutory contravention, and penalty could arise only where the gold was liable to confiscation, neither confiscation nor penalty was sustainable. The penalty order was set aside with consequential relief. Case-Laws Customs Sat, 17 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91280