https://www.taxtmi.com/caselaws?id=440391 The Tribunal set aside the orders of the Adjudicating Authority and the Commissioner (Appeals) regarding the confiscation of 499.800 grams of gold and Indian currency amounting to Rs.11,36,300/-, as well as the penalty of Rs. 2 Lakhs imposed on the Appellant. The Tribunal concluded that the Department's actions were based on assumptions without substantive evidence, particularly concerning the allegation of dealing with foreign origin gold. The appeal was allowed with consequential relief, underscoring the lack of verification of the Appellant's claims about the origin of the gold and cash. en-us Thu, 06 Jul 2023 00:00:00 +0530 Wed, 31 Jan 2024 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440391 The Tribunal set aside the orders of the Adjudicating Authority and the Commissioner (Appeals) regarding the confiscation of 499.800 grams of gold and Indian currency amounting to Rs.11,36,300/-, as well as the penalty of Rs. 2 Lakhs imposed on the Appellant. The Tribunal concluded that the Department's actions were based on assumptions without substantive evidence, particularly concerning the allegation of dealing with foreign origin gold. The appeal was allowed with consequential relief, underscoring the lack of verification of the Appellant's claims about the origin of the gold and cash. Case-Laws Customs Thu, 06 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440391