https://www.taxtmi.com/caselaws?id=440857 The Tribunal set aside the penalty imposed on the appellant under the Customs Act and FEMA for alleged purchase of smuggled gold due to lack of evidence. The appellant denied buying gold from the seller implicated in the case, and no corroborative evidence was presented. Consequently, the penalty was revoked, and the appeal was granted with consequential benefits. en-us Mon, 17 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 09:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440857 The Tribunal set aside the penalty imposed on the appellant under the Customs Act and FEMA for alleged purchase of smuggled gold due to lack of evidence. The appellant denied buying gold from the seller implicated in the case, and no corroborative evidence was presented. Consequently, the penalty was revoked, and the appeal was granted with consequential benefits. Case-Laws Customs Mon, 17 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440857