https://www.taxtmi.com/caselaws?id=418430 The Tribunal upheld the absolute confiscation of concealed gold ornaments and imposition of a penalty of Rs. 100,000 under Section 112(b) of the Customs Act, 1962 on the appellant, who failed to prove legitimate purchase and claimed to be a carrier for a third party. The decision was based on non-declaration and concealment, justifying confiscation as smuggled goods. The penalty amount was reduced from Rs. 15,00,000 to Rs. 100,000 due to the appellant's role as a carrier, serving as a deterrent. The appeal was disposed of with this modification. en-us Tue, 15 Feb 2022 00:00:00 +0530 Thu, 17 Feb 2022 07:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418430 The Tribunal upheld the absolute confiscation of concealed gold ornaments and imposition of a penalty of Rs. 100,000 under Section 112(b) of the Customs Act, 1962 on the appellant, who failed to prove legitimate purchase and claimed to be a carrier for a third party. The decision was based on non-declaration and concealment, justifying confiscation as smuggled goods. The penalty amount was reduced from Rs. 15,00,000 to Rs. 100,000 due to the appellant's role as a carrier, serving as a deterrent. The appeal was disposed of with this modification. Case-Laws Customs Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418430