https://www.taxtmi.com/caselaws?id=98029 Repeated admissions, supported by surrounding circumstances, were treated as sufficient to establish that the foreign marked gold was of smuggled origin; the belated affidavits and retraction were rejected for lack of credible contemporaneous support, so confiscation of the gold and penalties on the noticees were sustained. The Indian currency, however, was not satisfactorily linked to the sale proceeds of the contraband gold, and the nexus required for confiscation was not proved, so confiscation of the cash was set aside. en-us Tue, 03 Mar 1998 00:00:00 +0530 Wed, 18 Jan 2012 18:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98029 Repeated admissions, supported by surrounding circumstances, were treated as sufficient to establish that the foreign marked gold was of smuggled origin; the belated affidavits and retraction were rejected for lack of credible contemporaneous support, so confiscation of the gold and penalties on the noticees were sustained. The Indian currency, however, was not satisfactorily linked to the sale proceeds of the contraband gold, and the nexus required for confiscation was not proved, so confiscation of the cash was set aside. Case-Laws Central Excise Tue, 03 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98029