https://www.taxtmi.com/caselaws?id=167522 The Appellate Tribunal CEGAT MADRAS upheld the confiscation of 2032 gms. of gold ornaments under Section 71(1) of the Gold (Control) Act, 1968, by the Collector of Central Excise, Bangalore. Penalties were imposed on individuals involved in violations of the Act, emphasizing the importance of exemplary punishment for transgressions by certified goldsmiths. The Tribunal dismissed the appeals, affirming the Collector's order and finding the fines and penalties appropriate, highlighting the necessity of strict enforcement to prevent misuse of concessions granted to genuine artisans. en-us Wed, 03 Jul 1985 00:00:00 +0530 Tue, 23 Dec 2014 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167522 The Appellate Tribunal CEGAT MADRAS upheld the confiscation of 2032 gms. of gold ornaments under Section 71(1) of the Gold (Control) Act, 1968, by the Collector of Central Excise, Bangalore. Penalties were imposed on individuals involved in violations of the Act, emphasizing the importance of exemplary punishment for transgressions by certified goldsmiths. The Tribunal dismissed the appeals, affirming the Collector's order and finding the fines and penalties appropriate, highlighting the necessity of strict enforcement to prevent misuse of concessions granted to genuine artisans. Case-Laws Central Excise Wed, 03 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167522