https://www.taxtmi.com/caselaws?id=440858 The Tribunal allowed the appeal, setting aside the penalty imposed on the appellant under Section 112(b)(i) of the Customs Act. It ordered the return of the confiscated silver bars, criticizing the revenue for relying solely on retracted statements without corroborative evidence and for procedural lapses. The Tribunal found the appellant not linked to the seized gold's ownership or smuggling activities, emphasizing the lack of evidence and failure to apply burden-shifting provisions. en-us Tue, 18 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 09:20:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440858 The Tribunal allowed the appeal, setting aside the penalty imposed on the appellant under Section 112(b)(i) of the Customs Act. It ordered the return of the confiscated silver bars, criticizing the revenue for relying solely on retracted statements without corroborative evidence and for procedural lapses. The Tribunal found the appellant not linked to the seized gold's ownership or smuggling activities, emphasizing the lack of evidence and failure to apply burden-shifting provisions. Case-Laws Customs Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440858