https://www.taxtmi.com/caselaws?id=771355 CESTAT New Delhi upheld confiscation of 12.1 kg smuggled gold and imposed penalties on three appellants. Gold confiscation was uncontested. Silver confiscation was upheld as neither appellant nor company had standing to claim it. Seized cash of Rs. 10,79,300 was ordered released to forex company as department failed to prove it was sale proceeds of smuggled goods, with burden of proof not shifting under section 123 for cash. Penalties of Rs. 95,00,000, Rs. 45,00,000, and Rs. 45,00,000 were upheld as proportionate to confiscated goods' value under section 112. en-us Wed, 21 May 2025 00:00:00 +0530 Sat, 24 May 2025 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771355 CESTAT New Delhi upheld confiscation of 12.1 kg smuggled gold and imposed penalties on three appellants. Gold confiscation was uncontested. Silver confiscation was upheld as neither appellant nor company had standing to claim it. Seized cash of Rs. 10,79,300 was ordered released to forex company as department failed to prove it was sale proceeds of smuggled goods, with burden of proof not shifting under section 123 for cash. Penalties of Rs. 95,00,000, Rs. 45,00,000, and Rs. 45,00,000 were upheld as proportionate to confiscated goods' value under section 112. Case-Laws Customs Wed, 21 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771355