https://www.taxtmi.com/caselaws?id=165946 The appeal against the confiscation of gold and penalty under the Customs Act was partially successful. The Tribunal upheld the confiscation of the gold piece as it was identified as bullion, but set aside the confiscation of currency due to lack of evidence linking it to smuggled gold sale proceeds. The penalty on the appellant for possessing and carrying smuggled gold was upheld based on ownership and involvement in smuggling activities. The Collector's order was modified to reject the appeal except for the currency confiscation issue, which was ruled in favor of the appellant. en-us Sat, 15 Jan 1983 00:00:00 +0530 Wed, 20 Aug 2014 14:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165946 The appeal against the confiscation of gold and penalty under the Customs Act was partially successful. The Tribunal upheld the confiscation of the gold piece as it was identified as bullion, but set aside the confiscation of currency due to lack of evidence linking it to smuggled gold sale proceeds. The penalty on the appellant for possessing and carrying smuggled gold was upheld based on ownership and involvement in smuggling activities. The Collector's order was modified to reject the appeal except for the currency confiscation issue, which was ruled in favor of the appellant. Case-Laws Customs Sat, 15 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165946