https://www.taxtmi.com/highlights?id=76700 Absolute Confiscation of gold recovered during the course of search - imposition of penalties - The tribunal concluded that the customs authorities failed to establish a reasonable belief that the gold was smuggled, as required by law. It determined that the initial seizure and the punitive measures were not supported by the necessary legal standards or evidence. Therefore, the tribunal set aside the order for confiscation and penalties, allowing the appeals and granting relief to the appellants. en-us Thu, 18 Apr 2024 08:27:25 +0530 Thu, 18 Apr 2024 08:27:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76700 Absolute Confiscation of gold recovered during the course of search - imposition of penalties - The tribunal concluded that the customs authorities failed to establish a reasonable belief that the gold was smuggled, as required by law. It determined that the initial seizure and the punitive measures were not supported by the necessary legal standards or evidence. Therefore, the tribunal set aside the order for confiscation and penalties, allowing the appeals and granting relief to the appellants. Highlights Customs Thu, 18 Apr 2024 08:27:25 +0530 https://www.taxtmi.com/highlights?id=76700