https://www.taxtmi.com/caselaws?id=443641 The Tribunal modified the Commissioner's order, allowing the appellant to redeem confiscated gold bars upon payment of a Rs. 5,00,000/- redemption fine and applicable duty, citing lack of restriction on gold except for duty payment. The penalty under Section 114AA was set aside due to absence of false declarations. Confiscation of packing materials and the penalty under Section 112(b) were upheld. en-us Wed, 06 Sep 2023 00:00:00 +0530 Thu, 04 Apr 2024 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443641 The Tribunal modified the Commissioner's order, allowing the appellant to redeem confiscated gold bars upon payment of a Rs. 5,00,000/- redemption fine and applicable duty, citing lack of restriction on gold except for duty payment. The penalty under Section 114AA was set aside due to absence of false declarations. Confiscation of packing materials and the penalty under Section 112(b) were upheld. Case-Laws Customs Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443641