https://www.taxtmi.com/caselaws?id=420603 The court set aside the confiscation of 3 kgs of gold seized from Shri Jitendra Kumar Mishra due to insufficient proof of illicit purchase. Penalties imposed on individuals other than Mishra were deemed unjustified, as their roles were not clearly established and violated principles of natural justice. The court upheld the Calcutta High Court's directions, deeming the Show Cause Notice time-barred and ordering the return of the goods under the Customs Act. Mishra was held liable for a reduced penalty of Rs. 2,00,000, while all other appeals were allowed. en-us Mon, 28 Mar 2022 00:00:00 +0530 Fri, 17 Feb 2023 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420603 The court set aside the confiscation of 3 kgs of gold seized from Shri Jitendra Kumar Mishra due to insufficient proof of illicit purchase. Penalties imposed on individuals other than Mishra were deemed unjustified, as their roles were not clearly established and violated principles of natural justice. The court upheld the Calcutta High Court's directions, deeming the Show Cause Notice time-barred and ordering the return of the goods under the Customs Act. Mishra was held liable for a reduced penalty of Rs. 2,00,000, while all other appeals were allowed. Case-Laws Customs Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420603