https://www.taxtmi.com/caselaws?id=766895 The HC upheld CESTAT's decision in a gold smuggling case involving confiscation and penalty under Customs Act Sections 111 and 112. Gold bars with Commerz Bank markings were seized from the appellant, but import documents from M/s Surana Corporation showed purchases from different banks through MMTC Ltd. Under Section 123, the burden of proof shifted to the possessor to prove legitimate import, which the appellant failed to discharge. The seized gold lacked valid import documentation. While penalty imposition was justified, the amount was reduced considering appellant's role. Appeal dismissed. en-us Tue, 04 Mar 2025 00:00:00 +0530 Thu, 06 Mar 2025 07:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766895 The HC upheld CESTAT's decision in a gold smuggling case involving confiscation and penalty under Customs Act Sections 111 and 112. Gold bars with Commerz Bank markings were seized from the appellant, but import documents from M/s Surana Corporation showed purchases from different banks through MMTC Ltd. Under Section 123, the burden of proof shifted to the possessor to prove legitimate import, which the appellant failed to discharge. The seized gold lacked valid import documentation. While penalty imposition was justified, the amount was reduced considering appellant's role. Appeal dismissed. Case-Laws Customs Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766895