https://www.taxtmi.com/caselaws?id=249777 The Court dismissed the Appeals challenging penalties imposed under Section 114 of the Customs Act, 1962, based on a retracted confession. It was found that the penalties were justified as they were supported by incriminating material related to the recovery of foreign currency and circumstantial evidence, not solely relying on the retracted statements. The Court emphasized the importance of evaluating all evidence and circumstances in determining guilt and upholding penalties, distinguishing the case from others where lack of incriminating evidence led to acquittals. The Appeals were dismissed without awarding costs. en-us Thu, 12 Jun 2014 00:00:00 +0530 Wed, 23 Jul 2014 10:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249777 The Court dismissed the Appeals challenging penalties imposed under Section 114 of the Customs Act, 1962, based on a retracted confession. It was found that the penalties were justified as they were supported by incriminating material related to the recovery of foreign currency and circumstantial evidence, not solely relying on the retracted statements. The Court emphasized the importance of evaluating all evidence and circumstances in determining guilt and upholding penalties, distinguishing the case from others where lack of incriminating evidence led to acquittals. The Appeals were dismissed without awarding costs. Case-Laws Customs Thu, 12 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249777