https://www.taxtmi.com/caselaws?id=440756 The Tribunal upheld the Commissioner's decision to release certain quantities of gold bullion/coins/jewelry to the appellant, finding that confessional statements had no evidentiary value without independent corroboration. Additionally, the confiscation of foreign-marked gold bullion/coins was upheld due to the appellant's failure to provide valid documentation for the items bearing foreign markings. The Tribunal dismissed both appeals, affirming the Commissioner's actions and proportionately reducing the penalty amount. en-us Mon, 24 Jul 2023 00:00:00 +0530 Wed, 26 Jul 2023 08:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440756 The Tribunal upheld the Commissioner's decision to release certain quantities of gold bullion/coins/jewelry to the appellant, finding that confessional statements had no evidentiary value without independent corroboration. Additionally, the confiscation of foreign-marked gold bullion/coins was upheld due to the appellant's failure to provide valid documentation for the items bearing foreign markings. The Tribunal dismissed both appeals, affirming the Commissioner's actions and proportionately reducing the penalty amount. Case-Laws Customs Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440756