https://www.taxtmi.com/caselaws?id=267223 The Tribunal upheld the absolute confiscation of gold bars seized from passengers arriving from Singapore for non-compliance with import regulations. The penalties imposed under the Customs Act were reduced due to the confiscation but upheld for violating Customs regulations. The judgment emphasized the significance of accurate declaration during importation and the consequences of non-compliance with Customs laws, supporting the Commissioner's decision for absolute confiscation of undeclared gold bars as a prohibited item. en-us Thu, 16 Jul 2015 00:00:00 +0530 Mon, 22 Feb 2016 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267223 The Tribunal upheld the absolute confiscation of gold bars seized from passengers arriving from Singapore for non-compliance with import regulations. The penalties imposed under the Customs Act were reduced due to the confiscation but upheld for violating Customs regulations. The judgment emphasized the significance of accurate declaration during importation and the consequences of non-compliance with Customs laws, supporting the Commissioner's decision for absolute confiscation of undeclared gold bars as a prohibited item. Case-Laws Customs Thu, 16 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267223