https://www.taxtmi.com/caselaws?id=448387 The tribunal allowed the appeals, concluding that the confiscation of gold and imposition of penalties under section 114(i) of the Customs Act were not justified. It found insufficient evidence of attempted illegal export and noted discrepancies in the documentation regarding ownership claims. The tribunal determined the gold was of domestic origin and not subject to confiscation under the Customs Act. Consequently, all penalties imposed on the appellants were set aside, and the tribunal granted consequential relief according to the law. en-us Tue, 16 Jan 2024 00:00:00 +0530 Thu, 18 Jan 2024 08:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448387 The tribunal allowed the appeals, concluding that the confiscation of gold and imposition of penalties under section 114(i) of the Customs Act were not justified. It found insufficient evidence of attempted illegal export and noted discrepancies in the documentation regarding ownership claims. The tribunal determined the gold was of domestic origin and not subject to confiscation under the Customs Act. Consequently, all penalties imposed on the appellants were set aside, and the tribunal granted consequential relief according to the law. Case-Laws Customs Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448387