https://www.taxtmi.com/caselaws?id=444228 The Tribunal upheld the absolute confiscation of 4000 grams of gold under Section 111 (d) & (i) of the Customs Act, 1962, as the appellant attempted to smuggle the gold without declaring it or paying customs duty, violating import regulations. The penalties initially imposed were Rs.9,00,000 under Section 112 (a) & (b) and Rs.4,00,000 under Section 114AA. The Tribunal found both penalties permissible but reduced them to Rs.2,00,000 and Rs.1,00,000, respectively, acknowledging the appellant's acceptance of smuggling for Rs.25,000. The appeal was partly allowed, maintaining the confiscation while reducing penalties. en-us Wed, 11 Oct 2023 00:00:00 +0530 Wed, 11 Oct 2023 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444228 The Tribunal upheld the absolute confiscation of 4000 grams of gold under Section 111 (d) & (i) of the Customs Act, 1962, as the appellant attempted to smuggle the gold without declaring it or paying customs duty, violating import regulations. The penalties initially imposed were Rs.9,00,000 under Section 112 (a) & (b) and Rs.4,00,000 under Section 114AA. The Tribunal found both penalties permissible but reduced them to Rs.2,00,000 and Rs.1,00,000, respectively, acknowledging the appellant's acceptance of smuggling for Rs.25,000. The appeal was partly allowed, maintaining the confiscation while reducing penalties. Case-Laws Customs Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444228