https://www.taxtmi.com/caselaws?id=99425 The appellate tribunal rejected the appeal against the order for confiscation of 40,000 US Dollars and imposition of penalties under the Customs Act, 1962. The tribunal found sufficient corroborated evidence and circumstantial proof of the appellant's involvement in the illegal transaction, including sending a co-accused to dispose of contraband gold bars, leading to the confiscation of the foreign currency and penalties being upheld. The tribunal also affirmed the admissibility of co-accused statements in evidence, supporting the decision. en-us Tue, 16 Jan 2001 00:00:00 +0530 Fri, 27 Jan 2012 12:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99425 The appellate tribunal rejected the appeal against the order for confiscation of 40,000 US Dollars and imposition of penalties under the Customs Act, 1962. The tribunal found sufficient corroborated evidence and circumstantial proof of the appellant's involvement in the illegal transaction, including sending a co-accused to dispose of contraband gold bars, leading to the confiscation of the foreign currency and penalties being upheld. The tribunal also affirmed the admissibility of co-accused statements in evidence, supporting the decision. Case-Laws Customs Tue, 16 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99425