https://www.taxtmi.com/caselaws?id=394301 The Tribunal modified the impugned Order-In-Appeal, reducing the redemption fine to Rs. 1 lakh and imposing a penalty of Rs. 1 lakh on the individual under Section 112 of the Customs Act, 1962. The individual's appeal was partially allowed, while the Revenue's appeal was dismissed. The judgment emphasized the need for sufficient evidence to establish allegations in cases of alleged gold smuggling and the importance of proving foreign origin under the Customs Act, 1962. en-us Wed, 26 Feb 2020 00:00:00 +0530 Fri, 20 Nov 2020 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394301 The Tribunal modified the impugned Order-In-Appeal, reducing the redemption fine to Rs. 1 lakh and imposing a penalty of Rs. 1 lakh on the individual under Section 112 of the Customs Act, 1962. The individual's appeal was partially allowed, while the Revenue's appeal was dismissed. The judgment emphasized the need for sufficient evidence to establish allegations in cases of alleged gold smuggling and the importance of proving foreign origin under the Customs Act, 1962. Case-Laws Customs Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394301