https://www.taxtmi.com/caselaws?id=771356 CESTAT Kolkata upheld confiscation of gold bars and Indian currency in a smuggling case involving multiple accused who conspired to smuggle gold from Nepal to India. The accused failed to produce documents proving valid acquisition of foreign-marked gold or licit procurement of seized Indian currency believed to be sale proceeds. The tribunal established a complex smuggling network where gold was transported from border areas to Delhi for sale. While confiscation was maintained, penalties under Sections 112(a), 112(b), and 117 were reduced considering the overall circumstances. Appeals were disposed of with penalty reduction. en-us Thu, 22 May 2025 00:00:00 +0530 Sat, 24 May 2025 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771356 CESTAT Kolkata upheld confiscation of gold bars and Indian currency in a smuggling case involving multiple accused who conspired to smuggle gold from Nepal to India. The accused failed to produce documents proving valid acquisition of foreign-marked gold or licit procurement of seized Indian currency believed to be sale proceeds. The tribunal established a complex smuggling network where gold was transported from border areas to Delhi for sale. While confiscation was maintained, penalties under Sections 112(a), 112(b), and 117 were reduced considering the overall circumstances. Appeals were disposed of with penalty reduction. Case-Laws Customs Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771356