https://www.taxtmi.com/caselaws?id=438280 The Tribunal affirmed the invocability of Section 123 of the Customs Act, shifting the burden of proof to the possessor due to admission of foreign origin and smuggling. The confiscation of gold was deemed legitimate based on lack of credible evidence supporting legal purchase and mismatch with provided invoices, justifying confiscation under relevant sections of the Act. The appellants were held liable for penalties under Section 112(b) for dealing with smuggled goods. The appeal was dismissed, upholding the confiscation and penalties imposed against the appellants. en-us Tue, 02 May 2023 00:00:00 +0530 Sat, 27 May 2023 09:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438280 The Tribunal affirmed the invocability of Section 123 of the Customs Act, shifting the burden of proof to the possessor due to admission of foreign origin and smuggling. The confiscation of gold was deemed legitimate based on lack of credible evidence supporting legal purchase and mismatch with provided invoices, justifying confiscation under relevant sections of the Act. The appellants were held liable for penalties under Section 112(b) for dealing with smuggled goods. The appeal was dismissed, upholding the confiscation and penalties imposed against the appellants. Case-Laws Customs Tue, 02 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438280