https://www.taxtmi.com/caselaws?id=118112 The Tribunal overturned the Commissioner's decision to confiscate 500 gold bars under the Customs Act, 1962, as the appellants provided credible evidence of legal acquisition from authorized dealers. Penalties imposed on carriers and employees transporting the gold were also revoked, as they were found to be unaware of any smuggling activities. The Tribunal upheld the appellants' credibility regarding the legality of documents and burden of proof, concluding that there was no basis for confiscation or penalties, allowing the appeals and setting aside the Commissioner's order. en-us Fri, 30 Sep 2005 00:00:00 +0530 Thu, 28 Jun 2012 15:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118112 The Tribunal overturned the Commissioner's decision to confiscate 500 gold bars under the Customs Act, 1962, as the appellants provided credible evidence of legal acquisition from authorized dealers. Penalties imposed on carriers and employees transporting the gold were also revoked, as they were found to be unaware of any smuggling activities. The Tribunal upheld the appellants' credibility regarding the legality of documents and burden of proof, concluding that there was no basis for confiscation or penalties, allowing the appeals and setting aside the Commissioner's order. Case-Laws Customs Fri, 30 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118112