https://www.taxtmi.com/caselaws?id=767307 CESTAT Hyderabad allowed the appeal in a gold seizure case involving 850.39 grams of gold confiscated from an individual during town seizure. The tribunal held that Section 113 of the Customs Act was inapplicable as there were no allegations of export attempts. While statements under Section 108 are admissible evidence, they cannot be treated as conclusive truth and must be scrutinized. The department failed to prove reasonable belief that the seized gold was smuggled, while appellants successfully demonstrated the gold was prepared by melting old jewelry. The tribunal found the panchanama and witness statements questionable, concluding that absolute confiscation and penalties were unjustified. en-us Fri, 21 Feb 2025 00:00:00 +0530 Sat, 15 Mar 2025 08:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767307 CESTAT Hyderabad allowed the appeal in a gold seizure case involving 850.39 grams of gold confiscated from an individual during town seizure. The tribunal held that Section 113 of the Customs Act was inapplicable as there were no allegations of export attempts. While statements under Section 108 are admissible evidence, they cannot be treated as conclusive truth and must be scrutinized. The department failed to prove reasonable belief that the seized gold was smuggled, while appellants successfully demonstrated the gold was prepared by melting old jewelry. The tribunal found the panchanama and witness statements questionable, concluding that absolute confiscation and penalties were unjustified. Case-Laws Customs Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767307