https://www.taxtmi.com/caselaws?id=334656 The Tribunal upheld the confiscation of gold bars but reduced the redemption fine for each appellant. The absolute confiscation of foreign currency was set aside, and the penalty imposed was also reduced. Revenue's appeal was deemed not maintainable as it was filed after the disposal of the appellants' appeal. The Tribunal found the appeal concerning other noticees to be infructuous. The case was remanded for de novo consideration due to inadequacies in the impugned order, emphasizing the necessity for a more detailed examination of the roles and circumstances in the alleged smuggling case. en-us Fri, 21 Oct 2016 00:00:00 +0530 Mon, 12 Dec 2016 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334656 The Tribunal upheld the confiscation of gold bars but reduced the redemption fine for each appellant. The absolute confiscation of foreign currency was set aside, and the penalty imposed was also reduced. Revenue's appeal was deemed not maintainable as it was filed after the disposal of the appellants' appeal. The Tribunal found the appeal concerning other noticees to be infructuous. The case was remanded for de novo consideration due to inadequacies in the impugned order, emphasizing the necessity for a more detailed examination of the roles and circumstances in the alleged smuggling case. Case-Laws Customs Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334656