https://www.taxtmi.com/caselaws?id=422133 The Tribunal set aside the lower authorities' orders for not considering the retraction and the need for the assessees to prove the gold source. The case was remanded to the Adjudicating Authority to reassess the retraction and gold source, and issue an appropriate confiscation or redemption order. Penalties for the other assessees hinged on the first assessee's penalty outcome. The appeals were allowed for remand, and Revenue's stay petitions were resolved. en-us Thu, 05 May 2022 00:00:00 +0530 Tue, 10 May 2022 08:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422133 The Tribunal set aside the lower authorities' orders for not considering the retraction and the need for the assessees to prove the gold source. The case was remanded to the Adjudicating Authority to reassess the retraction and gold source, and issue an appropriate confiscation or redemption order. Penalties for the other assessees hinged on the first assessee's penalty outcome. The appeals were allowed for remand, and Revenue's stay petitions were resolved. Case-Laws Customs Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422133