https://www.taxtmi.com/caselaws?id=751263 CESTAT Hyderabad allowed the appeal regarding seizure of 1431.61 gms gold. The appellant successfully proved the gold was from legitimate stock through trade records, balance sheets, and GST returns. Key witnesses retracted their statements without cross-examination by authorities. The tribunal found no foreign origin markings on irregular-shaped bars, unlike standard foreign gold. Revenue failed to prove voluntary statements were given without duress. The onus under section 123 Customs Act was discharged by appellant. SCN issued beyond six months from seizure date vitiated proceedings. Order set aside; gold or sale proceeds with interest ordered to be released. en-us Mon, 08 Apr 2024 00:00:00 +0530 Wed, 10 Apr 2024 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751263 CESTAT Hyderabad allowed the appeal regarding seizure of 1431.61 gms gold. The appellant successfully proved the gold was from legitimate stock through trade records, balance sheets, and GST returns. Key witnesses retracted their statements without cross-examination by authorities. The tribunal found no foreign origin markings on irregular-shaped bars, unlike standard foreign gold. Revenue failed to prove voluntary statements were given without duress. The onus under section 123 Customs Act was discharged by appellant. SCN issued beyond six months from seizure date vitiated proceedings. Order set aside; gold or sale proceeds with interest ordered to be released. Case-Laws Customs Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751263