https://www.taxtmi.com/caselaws?id=123616 The Tribunal upheld the absolute confiscation of gold biscuits due to non-compliance with import conditions, citing legal provisions and case laws. The penalties imposed on the appellants were reduced from Rs. 2.00 lakhs to Rs. 50,000 each for the first two appellants and from Rs. 5.00 lakhs to Rs. 1.00 lakh each for the other three appellants, partially allowing the appeals by reducing the penalties. en-us Fri, 03 Aug 2007 00:00:00 +0530 Tue, 26 Sep 2017 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123616 The Tribunal upheld the absolute confiscation of gold biscuits due to non-compliance with import conditions, citing legal provisions and case laws. The penalties imposed on the appellants were reduced from Rs. 2.00 lakhs to Rs. 50,000 each for the first two appellants and from Rs. 5.00 lakhs to Rs. 1.00 lakh each for the other three appellants, partially allowing the appeals by reducing the penalties. Case-Laws Customs Fri, 03 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123616