https://www.taxtmi.com/caselaws?id=389364 The Tribunal upheld the confiscation of 11 gold biscuits (1028.35 grams) and imposed a penalty of Rs. 9,00,000 on the appellant under Sections 111(d) and 112(a) of the Customs Act, 1962. The appellant's arguments regarding the applicability of Section 123 of the Customs Act were rejected, and the Tribunal found the retracted statements and submitted invoices to be invalid. The burden of proof regarding the licit possession of the gold biscuits was not met by the appellant, leading to the dismissal of the appeal and affirming the initial decision. en-us Mon, 25 Nov 2019 00:00:00 +0530 Fri, 06 Dec 2019 13:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389364 The Tribunal upheld the confiscation of 11 gold biscuits (1028.35 grams) and imposed a penalty of Rs. 9,00,000 on the appellant under Sections 111(d) and 112(a) of the Customs Act, 1962. The appellant's arguments regarding the applicability of Section 123 of the Customs Act were rejected, and the Tribunal found the retracted statements and submitted invoices to be invalid. The burden of proof regarding the licit possession of the gold biscuits was not met by the appellant, leading to the dismissal of the appeal and affirming the initial decision. Case-Laws Customs Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389364