https://www.taxtmi.com/caselaws?id=351016 The Commissioner (Appeals) allowed the appeal in a case involving the seizure of 40,000 US Dollars, overturning the absolute confiscation and penalties imposed under the Customs Act. The appellants provided explanations and valid documents supporting the legitimate acquisition and intended deposit of the currency, with the Commissioner finding discrepancies insignificant. The appellate authority set aside the impugned orders due to lack of guilt admission and comprehensive investigations, highlighting the importance of thorough investigations and placing the burden of proof on the Revenue. The decision favored the appellants, emphasizing adherence to RBI guidelines and provision of valid documentation. en-us Tue, 07 Nov 2017 00:00:00 +0530 Fri, 17 Nov 2017 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351016 The Commissioner (Appeals) allowed the appeal in a case involving the seizure of 40,000 US Dollars, overturning the absolute confiscation and penalties imposed under the Customs Act. The appellants provided explanations and valid documents supporting the legitimate acquisition and intended deposit of the currency, with the Commissioner finding discrepancies insignificant. The appellate authority set aside the impugned orders due to lack of guilt admission and comprehensive investigations, highlighting the importance of thorough investigations and placing the burden of proof on the Revenue. The decision favored the appellants, emphasizing adherence to RBI guidelines and provision of valid documentation. Case-Laws Customs Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351016