https://www.taxtmi.com/caselaws?id=435698 The appeal was partly allowed. The confiscation of foreign marked gold bars and a cut piece of gold was upheld under Section 111(d), while confiscation under Sections 111(i) and (p) was set aside. The confiscation of gold jewelry was set aside. The confiscation of Indian currency was also set aside. The penalty imposed under Section 112 was reduced from Rs. 25,00,000 to Rs. 5,00,000, aligning with the Tribunal's decision to reduce penalties for co-accused. en-us Thu, 23 Mar 2023 00:00:00 +0530 Sat, 25 Mar 2023 08:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435698 The appeal was partly allowed. The confiscation of foreign marked gold bars and a cut piece of gold was upheld under Section 111(d), while confiscation under Sections 111(i) and (p) was set aside. The confiscation of gold jewelry was set aside. The confiscation of Indian currency was also set aside. The penalty imposed under Section 112 was reduced from Rs. 25,00,000 to Rs. 5,00,000, aligning with the Tribunal's decision to reduce penalties for co-accused. Case-Laws Customs Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435698