https://www.taxtmi.com/caselaws?id=112794 The Tribunal upheld the confiscation of gold items seized from the appellant's premises but rejected the confiscation of Indian currency, accepting the appellant's explanation of it being personal savings. The appellant's conflicting statements led to the confiscation of the gold items, with the initial confession considered more credible. The imposed penalty for dealing with smuggled gold was reduced for both the appellant and the supplier, considering the circumstances. en-us Mon, 17 Nov 2003 00:00:00 +0530 Tue, 01 May 2012 17:37:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112794 The Tribunal upheld the confiscation of gold items seized from the appellant's premises but rejected the confiscation of Indian currency, accepting the appellant's explanation of it being personal savings. The appellant's conflicting statements led to the confiscation of the gold items, with the initial confession considered more credible. The imposed penalty for dealing with smuggled gold was reduced for both the appellant and the supplier, considering the circumstances. Case-Laws Customs Mon, 17 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112794