https://www.taxtmi.com/caselaws?id=449292 The Appellate Tribunal CESTAT Kolkata addressed the seizure and confiscation of gold bars valued at Rs. 10,07,00,000 from seven appellants, who lacked proper documentation. Initially, penalties were imposed on the appellants, but following a writ petition, the HC remanded the case for re-quantification. The Tribunal re-evaluated the penalties, considering the appellants' roles as carriers and their financial constraints, ultimately reducing the penalties to a more reasonable amount. The Tribunal acknowledged the appellants as repeat offenders but applied a humane approach due to their limited involvement and compensation in the smuggling operation. en-us Tue, 30 Jan 2024 00:00:00 +0530 Fri, 09 Feb 2024 07:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449292 The Appellate Tribunal CESTAT Kolkata addressed the seizure and confiscation of gold bars valued at Rs. 10,07,00,000 from seven appellants, who lacked proper documentation. Initially, penalties were imposed on the appellants, but following a writ petition, the HC remanded the case for re-quantification. The Tribunal re-evaluated the penalties, considering the appellants' roles as carriers and their financial constraints, ultimately reducing the penalties to a more reasonable amount. The Tribunal acknowledged the appellants as repeat offenders but applied a humane approach due to their limited involvement and compensation in the smuggling operation. Case-Laws Customs Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449292