https://www.taxtmi.com/caselaws?id=118128 The appellate court set aside the penalty imposed on the appellant under Section 112 of the Customs Act, 1962 for alleged involvement in gold smuggling and foreign exchange dealings. The court found insufficient evidence directly linking the appellant to the confiscated foreign currency, noting contradictions in statements and a lack of conclusive proof of his participation in smuggling activities. As a result, the court allowed the appeal, ruling in favor of the appellant due to the absence of definitive evidence connecting him to the illicit activities. en-us Mon, 13 Feb 2006 00:00:00 +0530 Thu, 28 Jun 2012 16:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118128 The appellate court set aside the penalty imposed on the appellant under Section 112 of the Customs Act, 1962 for alleged involvement in gold smuggling and foreign exchange dealings. The court found insufficient evidence directly linking the appellant to the confiscated foreign currency, noting contradictions in statements and a lack of conclusive proof of his participation in smuggling activities. As a result, the court allowed the appeal, ruling in favor of the appellant due to the absence of definitive evidence connecting him to the illicit activities. Case-Laws Central Excise Mon, 13 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118128