https://www.taxtmi.com/caselaws?id=291423 The Rajasthan High Court directed the revisional authority to club two Revision Petitions and remitted the matter back without commenting on the merits. The absolute confiscation of gold biscuits and currency was upheld under Section 111 of the Customs Act, 1962. A penalty of Rs. 40 lacs was imposed under Section 112(a), while the penalty under Section 114AA was set aside. The release of the demand draft and Indian currency was upheld. Both Revision Applications were disposed of accordingly. en-us Mon, 30 Dec 2019 00:00:00 +0530 Tue, 09 Nov 2021 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291423 The Rajasthan High Court directed the revisional authority to club two Revision Petitions and remitted the matter back without commenting on the merits. The absolute confiscation of gold biscuits and currency was upheld under Section 111 of the Customs Act, 1962. A penalty of Rs. 40 lacs was imposed under Section 112(a), while the penalty under Section 114AA was set aside. The release of the demand draft and Indian currency was upheld. Both Revision Applications were disposed of accordingly. Case-Laws Customs Mon, 30 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291423