https://www.taxtmi.com/caselaws?id=217015 The tribunal upheld the absolute confiscation of 34 gold biscuits and the imposition of a penalty on the appellant under the Customs Act. The penalty was reduced from Rs. 3.6 lakhs to Rs. 1 lakh due to disproportionality. The appellant's involvement in smuggling was established through evidence and statements, leading to the decision. The tribunal justified the confiscation based on the prohibition of gold import under the liberalized policy. The appeal was disposed of with the modified penalty amount. en-us Thu, 11 Aug 2011 00:00:00 +0530 Sat, 29 Sep 2012 07:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217015 The tribunal upheld the absolute confiscation of 34 gold biscuits and the imposition of a penalty on the appellant under the Customs Act. The penalty was reduced from Rs. 3.6 lakhs to Rs. 1 lakh due to disproportionality. The appellant's involvement in smuggling was established through evidence and statements, leading to the decision. The tribunal justified the confiscation based on the prohibition of gold import under the liberalized policy. The appeal was disposed of with the modified penalty amount. Case-Laws Customs Thu, 11 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217015