https://www.taxtmi.com/caselaws?id=357851 The Tribunal upheld the confiscation of 26 pieces of smuggled gold biscuits valued at Rs. 1.22 crores under the Customs Act, 1962. The appellants failed to prove the gold's legality, leading to penalties and confiscation. Penalties imposed on the Directors and Accountant of the supplier company, M/s. Magna Projects Pvt. Ltd., were also upheld for abetting smuggling activities. The Tribunal dismissed appeals and upheld the impugned order and penalties imposed on connected persons involved in the smuggling of gold. en-us Wed, 29 Nov 2017 00:00:00 +0530 Mon, 12 Nov 2018 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357851 The Tribunal upheld the confiscation of 26 pieces of smuggled gold biscuits valued at Rs. 1.22 crores under the Customs Act, 1962. The appellants failed to prove the gold's legality, leading to penalties and confiscation. Penalties imposed on the Directors and Accountant of the supplier company, M/s. Magna Projects Pvt. Ltd., were also upheld for abetting smuggling activities. The Tribunal dismissed appeals and upheld the impugned order and penalties imposed on connected persons involved in the smuggling of gold. Case-Laws Customs Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357851