https://www.taxtmi.com/caselaws?id=450922 CESTAT Hyderabad allowed appeals in gold confiscation case, setting aside impugned orders. Revenue's statement recorded during panchanama proceedings deemed not freely given due to coercive circumstances. Appellants successfully discharged burden under Section 123 by providing independent external evidence including GST-registered seller's invoice, bank statements showing payment through banking channels, and corroborative testimony. Transaction's genuineness established through proper documentation and banking records. Gold ordered to be returned to appellants or sale proceeds with interest if already disposed. All penalties set aside. en-us Fri, 15 Mar 2024 00:00:00 +0530 Sat, 16 Mar 2024 06:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450922 CESTAT Hyderabad allowed appeals in gold confiscation case, setting aside impugned orders. Revenue's statement recorded during panchanama proceedings deemed not freely given due to coercive circumstances. Appellants successfully discharged burden under Section 123 by providing independent external evidence including GST-registered seller's invoice, bank statements showing payment through banking channels, and corroborative testimony. Transaction's genuineness established through proper documentation and banking records. Gold ordered to be returned to appellants or sale proceeds with interest if already disposed. All penalties set aside. Case-Laws Customs Fri, 15 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450922