https://www.taxtmi.com/caselaws?id=108646 Penalty under Section 112(b) of the Customs Act, 1962 is not supportable where gold bars are not recovered from the appellant's possession, the case rests mainly on a statement recorded after arrest that was promptly retracted, and no independent corroboration establishes involvement in keeping, concealing, or dealing with the seized gold. On the stated facts, the evidentiary foundation for imposing penalty was treated as insufficient, and the appellant was given the benefit of doubt. en-us Wed, 02 Sep 1998 00:00:00 +0530 Tue, 03 Apr 2012 11:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108646 Penalty under Section 112(b) of the Customs Act, 1962 is not supportable where gold bars are not recovered from the appellant's possession, the case rests mainly on a statement recorded after arrest that was promptly retracted, and no independent corroboration establishes involvement in keeping, concealing, or dealing with the seized gold. On the stated facts, the evidentiary foundation for imposing penalty was treated as insufficient, and the appellant was given the benefit of doubt. Case-Laws Customs Wed, 02 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108646