https://www.taxtmi.com/caselaws?id=760757 CESTAT Kolkata set aside penalties imposed under Section 112(b)(ii) of Customs Act, 1962 in a case involving primary gold of foreign origin found in a secret cabinet. The Tribunal held that the statement recorded under Section 107 of Customs Act was inadmissible as evidence since it was not recorded under proper authorization from Principal Commissioner or Commissioner of Customs. Without corroborative evidence beyond the inadmissible statement, penalties against both appellants were quashed and appeal was allowed. en-us Wed, 23 Oct 2024 00:00:00 +0530 Fri, 25 Oct 2024 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760757 CESTAT Kolkata set aside penalties imposed under Section 112(b)(ii) of Customs Act, 1962 in a case involving primary gold of foreign origin found in a secret cabinet. The Tribunal held that the statement recorded under Section 107 of Customs Act was inadmissible as evidence since it was not recorded under proper authorization from Principal Commissioner or Commissioner of Customs. Without corroborative evidence beyond the inadmissible statement, penalties against both appellants were quashed and appeal was allowed. Case-Laws Customs Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760757