https://www.taxtmi.com/caselaws?id=377508 The Tribunal found that the seized gold was legally procured, following all necessary procedures under the Foreign Trade Policy and Customs regulations. The Skoda car used for transportation was not subject to confiscation as it was transporting legally acquired gold. Penalties imposed on the appellants were set aside due to the lack of evidence of smuggling. The appeals were allowed, and the confiscation of gold and the car was overturned, with penalties annulled. en-us Mon, 25 Mar 2019 00:00:00 +0530 Sat, 15 Feb 2020 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377508 The Tribunal found that the seized gold was legally procured, following all necessary procedures under the Foreign Trade Policy and Customs regulations. The Skoda car used for transportation was not subject to confiscation as it was transporting legally acquired gold. Penalties imposed on the appellants were set aside due to the lack of evidence of smuggling. The appeals were allowed, and the confiscation of gold and the car was overturned, with penalties annulled. Case-Laws Customs Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377508