https://www.taxtmi.com/caselaws?id=205912 The Tribunal modified the Commissioner's order, allowing redemption of gold on payment of a fine and reducing the penalty to Rs. 5 lakhs. Confiscation of foreign currency was set aside, and the case was remitted for quantification of the redemption fine. The Department was directed to return the sale proceeds of the gold after deductions. en-us Thu, 28 Oct 2010 00:00:00 +0530 Thu, 29 Sep 2011 01:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205912 The Tribunal modified the Commissioner's order, allowing redemption of gold on payment of a fine and reducing the penalty to Rs. 5 lakhs. Confiscation of foreign currency was set aside, and the case was remitted for quantification of the redemption fine. The Department was directed to return the sale proceeds of the gold after deductions. Case-Laws Customs Thu, 28 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205912