https://www.taxtmi.com/caselaws?id=117870 The Appellate Tribunal set aside the Commissioner's order for the absolute confiscation of gold and imposition of penalties under the Customs Act. The Tribunal directed the Revenue to return the seized gold or its value to the appellants within three months. The decision was influenced by the acquittal in the criminal case, which established that the gold was duty paid and not smuggled, contradicting the Customs Commissioner's findings. The judgment highlighted the significance of legal precedents where acquittal in criminal cases impacted Customs proceedings. en-us Wed, 07 Dec 2005 00:00:00 +0530 Wed, 27 Jun 2012 11:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117870 The Appellate Tribunal set aside the Commissioner's order for the absolute confiscation of gold and imposition of penalties under the Customs Act. The Tribunal directed the Revenue to return the seized gold or its value to the appellants within three months. The decision was influenced by the acquittal in the criminal case, which established that the gold was duty paid and not smuggled, contradicting the Customs Commissioner's findings. The judgment highlighted the significance of legal precedents where acquittal in criminal cases impacted Customs proceedings. Case-Laws Customs Wed, 07 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117870