https://www.taxtmi.com/caselaws?id=384505 The penalties imposed on individuals under Section 112(b)(i) of the Customs Act, 1962, were set aside as the court found that the individuals were not aware of the contents of the seized gold bars, and there was no evidence to support the presumption that they had knowledge of the confiscated goods. The court concluded that penalties based on assumptions and presumptions were not permissible under the law, leading to the allowances of both appeals. en-us Wed, 14 Aug 2019 00:00:00 +0530 Thu, 05 Nov 2020 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384505 The penalties imposed on individuals under Section 112(b)(i) of the Customs Act, 1962, were set aside as the court found that the individuals were not aware of the contents of the seized gold bars, and there was no evidence to support the presumption that they had knowledge of the confiscated goods. The court concluded that penalties based on assumptions and presumptions were not permissible under the law, leading to the allowances of both appeals. Case-Laws Customs Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384505