https://www.taxtmi.com/caselaws?id=112326 The Appellate Tribunal CESTAT, Mumbai allowed the appeals filed against an order-in-original confiscating eight gold bars and imposing penalties under the Customs Act. The Tribunal set aside the impugned order, ruling in favor of the appellants. It emphasized the lack of justification for confiscation due to the absence of foreign marks on the gold bars and the failure to establish a link with smuggled gold. The Tribunal granted consequential relief, overturning the Commissioner's decision and highlighting the appellants' efforts to prove legal acquisition of the gold bars. en-us Wed, 30 Jun 2004 00:00:00 +0530 Fri, 27 Apr 2012 16:19:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112326 The Appellate Tribunal CESTAT, Mumbai allowed the appeals filed against an order-in-original confiscating eight gold bars and imposing penalties under the Customs Act. The Tribunal set aside the impugned order, ruling in favor of the appellants. It emphasized the lack of justification for confiscation due to the absence of foreign marks on the gold bars and the failure to establish a link with smuggled gold. The Tribunal granted consequential relief, overturning the Commissioner's decision and highlighting the appellants' efforts to prove legal acquisition of the gold bars. Case-Laws Central Excise Wed, 30 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112326