https://www.taxtmi.com/caselaws?id=108855 The Appellate Tribunal CEGAT, Mumbai allowed the appeals challenging the confiscation of currency and penalties imposed under Sections 121 and 112 of the Act. The decision was based on the lack of evidence connecting the currency to the sale proceeds of smuggled gold, procedural irregularities in imposing penalties without proper notice or substantiation, and the absence of a legal provision shifting the burden of proof onto the currency owner. The Tribunal emphasized the importance of adhering to legal standards and evidentiary requirements in such cases, ultimately setting aside the Commissioner's order. en-us Sat, 15 Feb 2003 00:00:00 +0530 Wed, 04 Apr 2012 12:38:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108855 The Appellate Tribunal CEGAT, Mumbai allowed the appeals challenging the confiscation of currency and penalties imposed under Sections 121 and 112 of the Act. The decision was based on the lack of evidence connecting the currency to the sale proceeds of smuggled gold, procedural irregularities in imposing penalties without proper notice or substantiation, and the absence of a legal provision shifting the burden of proof onto the currency owner. The Tribunal emphasized the importance of adhering to legal standards and evidentiary requirements in such cases, ultimately setting aside the Commissioner's order. Case-Laws Customs Sat, 15 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108855