https://www.taxtmi.com/caselaws?id=118893 The Tribunal ruled in favor of the appellant, setting aside the confiscation of the Indian currency but upholding the confiscation of gold pieces without foreign markings due to insufficient evidence supporting the appellant's claims of lawful possession. The appellant's retraction of the initial statement linking the currency to smuggled gold played a pivotal role in the decision, emphasizing the need to establish the sale of smuggled goods under Section 121 of the Customs Act. en-us Wed, 26 Oct 2005 00:00:00 +0530 Fri, 06 Jul 2012 15:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118893 The Tribunal ruled in favor of the appellant, setting aside the confiscation of the Indian currency but upholding the confiscation of gold pieces without foreign markings due to insufficient evidence supporting the appellant's claims of lawful possession. The appellant's retraction of the initial statement linking the currency to smuggled gold played a pivotal role in the decision, emphasizing the need to establish the sale of smuggled goods under Section 121 of the Customs Act. Case-Laws Customs Wed, 26 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118893