https://www.taxtmi.com/caselaws?id=348632 The appeal was dismissed by the Hon'ble Calcutta High Court as the appellant failed to establish ownership of the seized gold biscuits, crucial for claiming a Redemption Fine under Section 125 of the Customs Act, 1962. Despite arguments emphasizing the option to pay a fine in lieu of confiscation, the appellant's inability to prove ownership led to the denial of release. The Adjudicating Authority's order of absolute confiscation was upheld, emphasizing the importance of proving ownership to exercise the provisions of Section 125. The judgment was pronounced on 28.04.2017. en-us Fri, 28 Apr 2017 00:00:00 +0530 Tue, 26 Sep 2017 07:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348632 The appeal was dismissed by the Hon'ble Calcutta High Court as the appellant failed to establish ownership of the seized gold biscuits, crucial for claiming a Redemption Fine under Section 125 of the Customs Act, 1962. Despite arguments emphasizing the option to pay a fine in lieu of confiscation, the appellant's inability to prove ownership led to the denial of release. The Adjudicating Authority's order of absolute confiscation was upheld, emphasizing the importance of proving ownership to exercise the provisions of Section 125. The judgment was pronounced on 28.04.2017. Case-Laws Customs Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348632