https://www.taxtmi.com/caselaws?id=107804 Waiver of pre-deposit and stay of recovery were granted where the penalty under the Customs Act depended on a prima facie finding of conscious possession of gold. The record showed competing materials: another person claimed the gold on the basis of a will, and a criminal court had found that the accused could not be held to be in possession of the gold. Because possession of contraband gold was the foundation for penalty under Section 112(b), the uncertainty on possession made the impugned finding insufficiently firm at the interim stage, justifying relief. en-us Fri, 29 Aug 2003 00:00:00 +0530 Mon, 26 Mar 2012 17:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107804 Waiver of pre-deposit and stay of recovery were granted where the penalty under the Customs Act depended on a prima facie finding of conscious possession of gold. The record showed competing materials: another person claimed the gold on the basis of a will, and a criminal court had found that the accused could not be held to be in possession of the gold. Because possession of contraband gold was the foundation for penalty under Section 112(b), the uncertainty on possession made the impugned finding insufficiently firm at the interim stage, justifying relief. Case-Laws Customs Fri, 29 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107804