https://www.taxtmi.com/caselaws?id=765203 CESTAT Kolkata set aside absolute confiscation of 2 kgs gold recovered from one individual, finding the appellant successfully discharged burden of proof under Section 123 of Customs Act, 1962. The tribunal noted absence of foreign origin markings, no interception at international borders, and gold purity between 994.2-996.9. Revenue failed to establish smuggling nature of gold. Confiscation order reversed and penalties on both appellants removed. Appeal disposed favorably. en-us Mon, 27 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765203 CESTAT Kolkata set aside absolute confiscation of 2 kgs gold recovered from one individual, finding the appellant successfully discharged burden of proof under Section 123 of Customs Act, 1962. The tribunal noted absence of foreign origin markings, no interception at international borders, and gold purity between 994.2-996.9. Revenue failed to establish smuggling nature of gold. Confiscation order reversed and penalties on both appellants removed. Appeal disposed favorably. Case-Laws Customs Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765203