https://www.taxtmi.com/caselaws?id=165675 Confiscation of Indian currency as alleged sale proceeds of smuggled goods under section 121 of the Customs Act required proof that the underlying gold was smuggled and that the currency represented its sale proceeds. The presence of newspapers suggesting use for wrapping gold was insufficient by itself. In the absence of adequate evidence establishing both statutory conditions, confiscation could not be sustained and the currency was directed to be released. en-us Tue, 06 Jan 1981 00:00:00 +0530 Wed, 06 Aug 2014 17:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165675 Confiscation of Indian currency as alleged sale proceeds of smuggled goods under section 121 of the Customs Act required proof that the underlying gold was smuggled and that the currency represented its sale proceeds. The presence of newspapers suggesting use for wrapping gold was insufficient by itself. In the absence of adequate evidence establishing both statutory conditions, confiscation could not be sustained and the currency was directed to be released. Case-Laws Customs Tue, 06 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165675