https://www.taxtmi.com/caselaws?id=770391 CESTAT Kolkata set aside Rs.10,00,000 penalty imposed under Section 112(a) and 112(b) of Customs Act, 1962 for alleged gold smuggling. Two 1000-gram gold bars were seized from another person who claimed appellant was intended purchaser. However, the witness later stated his statement was involuntary during cross-examination, making it unreliable. No corroborative evidence existed to implicate appellant in smuggling foreign origin gold bars. Tribunal found no evidence proving appellant was intended purchaser and concluded penalty was unsustainable. Appeal allowed. en-us Fri, 02 May 2025 00:00:00 +0530 Sat, 10 May 2025 08:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770391 CESTAT Kolkata set aside Rs.10,00,000 penalty imposed under Section 112(a) and 112(b) of Customs Act, 1962 for alleged gold smuggling. Two 1000-gram gold bars were seized from another person who claimed appellant was intended purchaser. However, the witness later stated his statement was involuntary during cross-examination, making it unreliable. No corroborative evidence existed to implicate appellant in smuggling foreign origin gold bars. Tribunal found no evidence proving appellant was intended purchaser and concluded penalty was unsustainable. Appeal allowed. Case-Laws Customs Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770391