https://www.taxtmi.com/caselaws?id=415866 The Tribunal upheld the confiscation of 3.158 kg of gold and the jacket used for concealment. The confiscation of 173.400 gm of cut pieces of gold bars was set aside, while the confiscation of 70.300 gm of foreign marked gold coins was upheld. Additionally, the confiscation of Rupees Ninety lakhs was upheld. Penalties imposed on Shri V. Sathyanarayana, Shri Manda Ramu, and Shri P. Balaji were upheld, with the penalty on Shri Sathyanarayana reduced to Rupees One lakh. The penalty on Shri K. Srinivasulu was set aside. All appeals were disposed of accordingly. en-us Tue, 14 Dec 2021 00:00:00 +0530 Thu, 16 Dec 2021 09:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415866 The Tribunal upheld the confiscation of 3.158 kg of gold and the jacket used for concealment. The confiscation of 173.400 gm of cut pieces of gold bars was set aside, while the confiscation of 70.300 gm of foreign marked gold coins was upheld. Additionally, the confiscation of Rupees Ninety lakhs was upheld. Penalties imposed on Shri V. Sathyanarayana, Shri Manda Ramu, and Shri P. Balaji were upheld, with the penalty on Shri Sathyanarayana reduced to Rupees One lakh. The penalty on Shri K. Srinivasulu was set aside. All appeals were disposed of accordingly. Case-Laws Customs Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415866