https://www.taxtmi.com/caselaws?id=167522 Confiscation of gold ornaments and penalties on certified goldsmiths under the Gold (Control) Act, 1968 were treated as sustainable where the ornaments were found displayed or offered for sale, the surrounding evidence undermined the claim of personal ownership, and the G.S. 13 entries and other ownership records were unreliable. The record also showed sales activity inconsistent with the statutory role of a certified goldsmith and proved violation of the accounting provisions. On that footing, confiscation under Section 71(1) and penalties under Section 74 were supported by the evidence and the statutory scheme. 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 Confiscation of gold ornaments and penalties on certified goldsmiths under the Gold (Control) Act, 1968 were treated as sustainable where the ornaments were found displayed or offered for sale, the surrounding evidence undermined the claim of personal ownership, and the G.S. 13 entries and other ownership records were unreliable. The record also showed sales activity inconsistent with the statutory role of a certified goldsmith and proved violation of the accounting provisions. On that footing, confiscation under Section 71(1) and penalties under Section 74 were supported by the evidence and the statutory scheme. Case-Laws Central Excise Wed, 03 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167522