https://www.taxtmi.com/caselaws?id=101538 The Tribunal upheld the Commissioner's order of confiscating seized currency under the Customs Act, 1962, suspected to be proceeds of smuggled gold. Penalties under Section 112 were imposed on individuals associated with the jeweler firm. The burden of proof regarding the seized currency being linked to smuggling activities was on Revenue authorities. Despite acquittal in a Criminal Court, the Tribunal allowed penal action, emphasizing evidence connecting the currency to smuggling. The appeals were rejected, affirming the confiscation and penalties imposed by the Commissioner. en-us Fri, 08 Mar 2002 00:00:00 +0530 Fri, 10 Feb 2012 11:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101538 The Tribunal upheld the Commissioner's order of confiscating seized currency under the Customs Act, 1962, suspected to be proceeds of smuggled gold. Penalties under Section 112 were imposed on individuals associated with the jeweler firm. The burden of proof regarding the seized currency being linked to smuggling activities was on Revenue authorities. Despite acquittal in a Criminal Court, the Tribunal allowed penal action, emphasizing evidence connecting the currency to smuggling. The appeals were rejected, affirming the confiscation and penalties imposed by the Commissioner. Case-Laws Customs Fri, 08 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101538