https://www.taxtmi.com/caselaws?id=447281 CESTAT Kolkata upheld penalties under section 112 of Customs Act, 1962 against appellants for possessing contraband gold. Appellants admitted knowing vehicle carried 120 gold pieces concealed in fuel chamber but denied carrying contraband during interception, demonstrating mala fides. Court found penalty of Rs.10 lakh and Rs.1 lakh respectively justified to serve justice and deter future violations. Appeal dismissed with no infirmity found in adjudicating authority's order. en-us Thu, 21 Dec 2023 00:00:00 +0530 Thu, 21 Dec 2023 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447281 CESTAT Kolkata upheld penalties under section 112 of Customs Act, 1962 against appellants for possessing contraband gold. Appellants admitted knowing vehicle carried 120 gold pieces concealed in fuel chamber but denied carrying contraband during interception, demonstrating mala fides. Court found penalty of Rs.10 lakh and Rs.1 lakh respectively justified to serve justice and deter future violations. Appeal dismissed with no infirmity found in adjudicating authority's order. Case-Laws Customs Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447281