https://www.taxtmi.com/caselaws?id=106829 The court ruled in favor of the petitioner, finding that the Indian Currency seized was not linked to smuggled gold bars. The penalty imposed on the petitioner was deemed unjustified due to lack of evidence connecting them to the alleged sale. Statements obtained under coercion were invalidated, highlighting procedural lapses and lack of evidentiary value. The court ordered the refund of the seized amount to the petitioner and closure of the case without costs, while upholding confiscation of gold bars and penalties on other co-accused. en-us Wed, 01 May 2002 00:00:00 +0530 Thu, 15 Mar 2012 18:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106829 The court ruled in favor of the petitioner, finding that the Indian Currency seized was not linked to smuggled gold bars. The penalty imposed on the petitioner was deemed unjustified due to lack of evidence connecting them to the alleged sale. Statements obtained under coercion were invalidated, highlighting procedural lapses and lack of evidentiary value. The court ordered the refund of the seized amount to the petitioner and closure of the case without costs, while upholding confiscation of gold bars and penalties on other co-accused. Case-Laws Customs Wed, 01 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106829