https://www.taxtmi.com/caselaws?id=126288 Foreign-marked gold bars and gold ornaments were held liable to confiscation where confiscation under the Customs Act had already been upheld and that finding had attained finality, so the parallel challenge to confiscation could not succeed. Penalty under the Gold Control Act was examined separately; a belated contention that the jewellery had been declared was not accepted as it had not been raised before the adjudicating authority. Even so, because the Gold Control Act had been repealed long earlier, the penalty was found excessive and reduced. The confiscation was sustained, while the penalty was curtailed to a nominal amount. en-us Thu, 26 Mar 2009 00:00:00 +0530 Mon, 05 Nov 2012 12:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126288 Foreign-marked gold bars and gold ornaments were held liable to confiscation where confiscation under the Customs Act had already been upheld and that finding had attained finality, so the parallel challenge to confiscation could not succeed. Penalty under the Gold Control Act was examined separately; a belated contention that the jewellery had been declared was not accepted as it had not been raised before the adjudicating authority. Even so, because the Gold Control Act had been repealed long earlier, the penalty was found excessive and reduced. The confiscation was sustained, while the penalty was curtailed to a nominal amount. Case-Laws Customs Thu, 26 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126288