https://www.taxtmi.com/caselaws?id=121293 The Tribunal ruled that the absolute confiscation of undeclared gold bars and coins by the Commissioner was not justified. It directed the Commissioner to allow the appellants to redeem the goods by paying a reasonable fine. Additionally, the Tribunal ordered a fresh adjudication regarding the penalties imposed under Section 112(a) of the Customs Act, remanding the appeals for further consideration of the penalties and redemption fine. The appellants were to be given the opportunity to present their case on these matters. en-us Tue, 27 Mar 2007 00:00:00 +0530 Mon, 29 Jan 2024 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121293 The Tribunal ruled that the absolute confiscation of undeclared gold bars and coins by the Commissioner was not justified. It directed the Commissioner to allow the appellants to redeem the goods by paying a reasonable fine. Additionally, the Tribunal ordered a fresh adjudication regarding the penalties imposed under Section 112(a) of the Customs Act, remanding the appeals for further consideration of the penalties and redemption fine. The appellants were to be given the opportunity to present their case on these matters. Case-Laws Customs Tue, 27 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121293