https://www.taxtmi.com/caselaws?id=767471 CESTAT Bangalore set aside confiscation order under Section 121 of Customs Act, 1962 regarding seized currency of Rs.1.29 crores from four passengers. Revenue failed to establish through evidence that seized currency were sale proceeds of smuggled gold. Despite loose slips indicating gold quantities recovered from passengers, Commissioner's finding based on preponderance of probability was held insufficient without corroborative evidence linking currency to gold smuggling. Passengers' initial statements were retracted next day. Burden on Revenue to prove connection between seized currency and smuggled gold was not discharged. Currency ordered to be released to owner and penalties on all appellants set aside. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 19 Mar 2025 06:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767471 CESTAT Bangalore set aside confiscation order under Section 121 of Customs Act, 1962 regarding seized currency of Rs.1.29 crores from four passengers. Revenue failed to establish through evidence that seized currency were sale proceeds of smuggled gold. Despite loose slips indicating gold quantities recovered from passengers, Commissioner's finding based on preponderance of probability was held insufficient without corroborative evidence linking currency to gold smuggling. Passengers' initial statements were retracted next day. Burden on Revenue to prove connection between seized currency and smuggled gold was not discharged. Currency ordered to be released to owner and penalties on all appellants set aside. Case-Laws Customs Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767471