https://www.taxtmi.com/caselaws?id=770763 CESTAT Kolkata partially allowed appeals in customs case involving gold seizure. Court upheld confiscation of 26 gold biscuits lacking purchase documents but ordered release of gold ornaments and 1kg gold bar after appellants discharged burden under Section 123 Customs Act. Seized currency of Rs.1,88,00,800 ordered released. Penalties under Section 112 reduced for two individuals to Rs.5,00,000 and Rs.2,00,000 respectively, while third penalty was set aside. Appeals disposed of with mixed relief granted. en-us Fri, 07 Mar 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770763 CESTAT Kolkata partially allowed appeals in customs case involving gold seizure. Court upheld confiscation of 26 gold biscuits lacking purchase documents but ordered release of gold ornaments and 1kg gold bar after appellants discharged burden under Section 123 Customs Act. Seized currency of Rs.1,88,00,800 ordered released. Penalties under Section 112 reduced for two individuals to Rs.5,00,000 and Rs.2,00,000 respectively, while third penalty was set aside. Appeals disposed of with mixed relief granted. Case-Laws Customs Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770763