https://www.taxtmi.com/caselaws?id=399314 The Tribunal upheld the confiscation of gold jewellery for mis-declaration but reduced the redemption fine and penalties imposed on SGPL. The penalty on SGPL was reduced to Rs. 5 lakhs, and penalties on other appellants were set aside based on lack of evidence or disproportionate imposition. The Tribunal acknowledged actions taken by individuals to rectify the situation and modified the impugned order accordingly, partially allowing appeals and setting aside penalties for those not directly involved in the mis-declaration. en-us Fri, 11 Sep 2020 00:00:00 +0530 Tue, 09 Feb 2021 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399314 The Tribunal upheld the confiscation of gold jewellery for mis-declaration but reduced the redemption fine and penalties imposed on SGPL. The penalty on SGPL was reduced to Rs. 5 lakhs, and penalties on other appellants were set aside based on lack of evidence or disproportionate imposition. The Tribunal acknowledged actions taken by individuals to rectify the situation and modified the impugned order accordingly, partially allowing appeals and setting aside penalties for those not directly involved in the mis-declaration. Case-Laws Customs Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399314