https://www.taxtmi.com/caselaws?id=751835 CESTAT Kolkata dismissed Revenue's appeal challenging confiscation of silver jewellery (79.58 kgs), silver boondi (50 kgs), and Indian currency (Rs. 79 lakh) seized from respondent trader's premises. Court held Revenue failed to establish goods were of third country origin despite presumption under Section 123, as no evidence showed foreign markings or seizure at port/airport. Without proving third country origin, confiscation was unjustified. Revenue also failed to prove currency represented sale proceeds of contraband goods. Appeal dismissed, upholding Commissioner (Appeals) order. en-us Wed, 08 Nov 2023 00:00:00 +0530 Fri, 26 Apr 2024 20:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751835 CESTAT Kolkata dismissed Revenue's appeal challenging confiscation of silver jewellery (79.58 kgs), silver boondi (50 kgs), and Indian currency (Rs. 79 lakh) seized from respondent trader's premises. Court held Revenue failed to establish goods were of third country origin despite presumption under Section 123, as no evidence showed foreign markings or seizure at port/airport. Without proving third country origin, confiscation was unjustified. Revenue also failed to prove currency represented sale proceeds of contraband goods. Appeal dismissed, upholding Commissioner (Appeals) order. Case-Laws Customs Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751835