https://www.taxtmi.com/caselaws?id=104469 Statutory presumption in gold smuggling matters can place the burden on the possessor to prove lawful import or acquisition where seized gold bars are recovered from concealed places, bear foreign markings, and are seized on reasonable belief of smuggled nature. On the facts stated, the appellant failed to rebut that presumption, so confiscation was sustained. The Tribunal also treated the appellant's financial hardship, detention under preventive law, and other circumstances as grounds for leniency, and reduced the penalty while maintaining liability. The matter therefore resulted in confiscation being upheld but only partial monetary relief being granted on compassionate considerations. en-us Mon, 08 Jan 2001 00:00:00 +0530 Wed, 29 Feb 2012 12:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104469 Statutory presumption in gold smuggling matters can place the burden on the possessor to prove lawful import or acquisition where seized gold bars are recovered from concealed places, bear foreign markings, and are seized on reasonable belief of smuggled nature. On the facts stated, the appellant failed to rebut that presumption, so confiscation was sustained. The Tribunal also treated the appellant's financial hardship, detention under preventive law, and other circumstances as grounds for leniency, and reduced the penalty while maintaining liability. The matter therefore resulted in confiscation being upheld but only partial monetary relief being granted on compassionate considerations. Case-Laws Customs Mon, 08 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104469