https://www.taxtmi.com/caselaws?id=415525 The Tribunal upheld the confiscation of 11 foreign-marked gold bars but set aside the confiscation of two MMTC-marked gold bars, directing their return. The penalty on one appellant was set aside, and the penalty on the other was reduced. The burden of proving licit possession was not discharged by the appellants for the seized gold. The Tribunal found discrepancies in evidence and did not substantiate the smuggling charges against one appellant. The appeals were allowed with modifications to the impugned order. en-us Fri, 03 Dec 2021 00:00:00 +0530 Wed, 08 Dec 2021 08:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415525 The Tribunal upheld the confiscation of 11 foreign-marked gold bars but set aside the confiscation of two MMTC-marked gold bars, directing their return. The penalty on one appellant was set aside, and the penalty on the other was reduced. The burden of proving licit possession was not discharged by the appellants for the seized gold. The Tribunal found discrepancies in evidence and did not substantiate the smuggling charges against one appellant. The appeals were allowed with modifications to the impugned order. Case-Laws Customs Fri, 03 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415525