https://www.taxtmi.com/caselaws?id=385479 The Tribunal ruled in favor of the appellants in a case involving disputed ownership of confiscated gold bars. It held that the gold bars were legitimately possessed as part of an inheritance under a valid Will, refuting claims of smuggling. Consequently, the confiscation of the gold bars and imposed penalties were overturned, allowing the redemption of the gold bars. The Revenue's appeals challenging the redemption option were dismissed following the appellants' successful appeal. en-us Fri, 12 Jul 2019 00:00:00 +0530 Sat, 14 Mar 2020 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385479 The Tribunal ruled in favor of the appellants in a case involving disputed ownership of confiscated gold bars. It held that the gold bars were legitimately possessed as part of an inheritance under a valid Will, refuting claims of smuggling. Consequently, the confiscation of the gold bars and imposed penalties were overturned, allowing the redemption of the gold bars. The Revenue's appeals challenging the redemption option were dismissed following the appellants' successful appeal. Case-Laws Customs Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385479