https://www.taxtmi.com/caselaws?id=372912 The Appellate Tribunal CESTAT ALLAHABAD ruled on an appeal concerning the confiscation of gold and penalties imposed on the appellants for alleged smuggling activities. The tribunal found that while the appellants failed to prove the gold was not smuggled, the Revenue also lacked evidence linking it to third country origin or smuggling through Nepal. Emphasizing the burden of proof on the prosecution, the tribunal held that without concrete evidence, the gold could be redeemed upon payment of a fine. A redemption fine of Rs. 5 lakhs was imposed on the gold, with individual penalties of Rs. 1 lakh on each appellant for their involvement in smuggling. en-us Thu, 27 Dec 2018 00:00:00 +0530 Fri, 21 Feb 2020 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372912 The Appellate Tribunal CESTAT ALLAHABAD ruled on an appeal concerning the confiscation of gold and penalties imposed on the appellants for alleged smuggling activities. The tribunal found that while the appellants failed to prove the gold was not smuggled, the Revenue also lacked evidence linking it to third country origin or smuggling through Nepal. Emphasizing the burden of proof on the prosecution, the tribunal held that without concrete evidence, the gold could be redeemed upon payment of a fine. A redemption fine of Rs. 5 lakhs was imposed on the gold, with individual penalties of Rs. 1 lakh on each appellant for their involvement in smuggling. Case-Laws Customs Thu, 27 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372912