https://www.taxtmi.com/caselaws?id=751517 The Tribunal determined that the gold in question was a town-seizure, as it lacked foreign markings and exhibited high purity. The Revenue failed to substantiate claims of foreign origin or smuggling. The appellants provided sufficient documented evidence of legitimate procurement. Consequently, the Tribunal set aside the confiscation order and allowed both appeals, imposing no penalties. en-us Wed, 17 Apr 2024 00:00:00 +0530 Thu, 18 Apr 2024 08:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751517 The Tribunal determined that the gold in question was a town-seizure, as it lacked foreign markings and exhibited high purity. The Revenue failed to substantiate claims of foreign origin or smuggling. The appellants provided sufficient documented evidence of legitimate procurement. Consequently, the Tribunal set aside the confiscation order and allowed both appeals, imposing no penalties. Case-Laws Customs Wed, 17 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751517