https://www.taxtmi.com/caselaws?id=430588 The Tribunal set aside the confiscation orders and penalties imposed under the Customs Act. The appellant successfully challenged the confiscation of a gold bar and cash, as the Revenue failed to prove they were smuggled. The Tribunal emphasized the lack of foreign markings on the gold and its procurement from the open market as crucial factors. Consequently, the appellant was entitled to the release of the seized gold and cash, and the appeal was allowed with consequential benefits. en-us Wed, 16 Nov 2022 00:00:00 +0530 Wed, 23 Nov 2022 08:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430588 The Tribunal set aside the confiscation orders and penalties imposed under the Customs Act. The appellant successfully challenged the confiscation of a gold bar and cash, as the Revenue failed to prove they were smuggled. The Tribunal emphasized the lack of foreign markings on the gold and its procurement from the open market as crucial factors. Consequently, the appellant was entitled to the release of the seized gold and cash, and the appeal was allowed with consequential benefits. Case-Laws Customs Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430588