https://www.taxtmi.com/caselaws?id=448068 CESTAT New Delhi upheld absolute confiscation of 10 kg gold bars under Sections 111(b) and 111(d) of Customs Act, 1962, and penalty under Section 112. Appellant's confession established gold's foreign origin from Nepal, received in melted form to hide identity. Appellant failed to discharge burden of proving legal procurement per RBI guidelines. Large quantity concealment and lack of valid documents justified confiscation. Gold treated as prohibited goods under restricted category. Penalty against appellant upheld. Revenue's appeal allowed for remand regarding Section 114AA penalty consideration by adjudicating authority. en-us Thu, 04 Jan 2024 00:00:00 +0530 Fri, 03 May 2024 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448068 CESTAT New Delhi upheld absolute confiscation of 10 kg gold bars under Sections 111(b) and 111(d) of Customs Act, 1962, and penalty under Section 112. Appellant's confession established gold's foreign origin from Nepal, received in melted form to hide identity. Appellant failed to discharge burden of proving legal procurement per RBI guidelines. Large quantity concealment and lack of valid documents justified confiscation. Gold treated as prohibited goods under restricted category. Penalty against appellant upheld. Revenue's appeal allowed for remand regarding Section 114AA penalty consideration by adjudicating authority. Case-Laws Customs Thu, 04 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448068