https://www.taxtmi.com/caselaws?id=93218 The Tribunal set aside the penalty imposed on the appellant firm under Section 112(b) of the Customs Act, 1962, for the recovery of a gold biscuit of foreign origin. The decision was based on the lack of concrete evidence linking the gold biscuit to the appellants, as both the individual in possession and the alleged source denied involvement. The Tribunal emphasized that mere association with smuggled goods does not automatically establish liability for penalties, ultimately granting relief to the appellants. en-us Tue, 16 Feb 1999 00:00:00 +0530 Wed, 09 Nov 2011 11:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93218 The Tribunal set aside the penalty imposed on the appellant firm under Section 112(b) of the Customs Act, 1962, for the recovery of a gold biscuit of foreign origin. The decision was based on the lack of concrete evidence linking the gold biscuit to the appellants, as both the individual in possession and the alleged source denied involvement. The Tribunal emphasized that mere association with smuggled goods does not automatically establish liability for penalties, ultimately granting relief to the appellants. Case-Laws Customs Tue, 16 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93218