https://www.taxtmi.com/caselaws?id=392893 The CESTAT ALLAHABAD partially allowed the appeal filed by the appellant against the Order-in-Appeal regarding the confiscation of gold under the Customs Act. The Tribunal set aside the absolute confiscation, allowed redemption of the gold on payment of a redemption fine, and reduced the penalty imposed. It ordered Revenue to refund the sale proceeds to the appellant after deducting the reduced penalty amount. The Tribunal also directed the release of the trolley bags, concluding in favor of the appellant based on legal precedents and interpretations of relevant provisions. en-us Thu, 27 Feb 2020 00:00:00 +0530 Mon, 02 Mar 2020 12:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392893 The CESTAT ALLAHABAD partially allowed the appeal filed by the appellant against the Order-in-Appeal regarding the confiscation of gold under the Customs Act. The Tribunal set aside the absolute confiscation, allowed redemption of the gold on payment of a redemption fine, and reduced the penalty imposed. It ordered Revenue to refund the sale proceeds to the appellant after deducting the reduced penalty amount. The Tribunal also directed the release of the trolley bags, concluding in favor of the appellant based on legal precedents and interpretations of relevant provisions. Case-Laws Customs Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392893