https://www.taxtmi.com/caselaws?id=426601 The Tribunal set aside the confiscation of seized gold and the imposition of penalties under Sections 111(d) and 112 of the Customs Act, 1962. It found that the authorities lacked concrete evidence and relied on suspicions rather than proof. The appellants successfully discharged their burden of proof under Section 123 by providing comprehensive documentation, leading to the dismissal of the confiscation and penalties. The Tribunal ruled in favor of the appellants, confirming the legality of the gold and granting consequential relief. en-us Wed, 17 Aug 2022 00:00:00 +0530 Sat, 20 Aug 2022 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426601 The Tribunal set aside the confiscation of seized gold and the imposition of penalties under Sections 111(d) and 112 of the Customs Act, 1962. It found that the authorities lacked concrete evidence and relied on suspicions rather than proof. The appellants successfully discharged their burden of proof under Section 123 by providing comprehensive documentation, leading to the dismissal of the confiscation and penalties. The Tribunal ruled in favor of the appellants, confirming the legality of the gold and granting consequential relief. Case-Laws Customs Wed, 17 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426601