https://www.taxtmi.com/caselaws?id=766019 CESTAT Hyderabad allowed appeals in gold smuggling case. Appellants successfully proved seized gold belonged to them through consistent statements and business transaction records. Revenue failed to establish reasonable belief that gold was smuggled under Section 123 of Customs Act, 1962. Adjudicating Authority and Commissioner (Appeals) findings based on assumptions rather than evidence. Court distinguished case from precedent where burden of proof was discharged by Department, finding appellants provided satisfactory explanation for gold's legitimacy. en-us Wed, 12 Feb 2025 00:00:00 +0530 Sat, 15 Feb 2025 08:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766019 CESTAT Hyderabad allowed appeals in gold smuggling case. Appellants successfully proved seized gold belonged to them through consistent statements and business transaction records. Revenue failed to establish reasonable belief that gold was smuggled under Section 123 of Customs Act, 1962. Adjudicating Authority and Commissioner (Appeals) findings based on assumptions rather than evidence. Court distinguished case from precedent where burden of proof was discharged by Department, finding appellants provided satisfactory explanation for gold's legitimacy. Case-Laws Customs Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766019