https://www.taxtmi.com/caselaws?id=356419 The Tribunal upheld the decision of absolute confiscation of gold bars smuggled by the appellant, citing the appellant's admission of smuggling, failure to prove lawful import, and attempts to conceal the gold. The penalty imposed under the Customs Act was reduced from Rs. 1,50,000 to Rs. 50,000 considering the circumstances, but the appeal was ultimately dismissed, affirming the confiscation of the gold bars and the revised penalty amount. en-us Tue, 16 Jan 2018 00:00:00 +0530 Tue, 06 Mar 2018 06:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356419 The Tribunal upheld the decision of absolute confiscation of gold bars smuggled by the appellant, citing the appellant's admission of smuggling, failure to prove lawful import, and attempts to conceal the gold. The penalty imposed under the Customs Act was reduced from Rs. 1,50,000 to Rs. 50,000 considering the circumstances, but the appeal was ultimately dismissed, affirming the confiscation of the gold bars and the revised penalty amount. Case-Laws Customs Tue, 16 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356419