https://www.taxtmi.com/caselaws?id=771351 The SC examined the seizure of gold bars under the Customs Act, 1962. The court found no evidence of foreign origin and ruled against the Revenue's claim. The gold bars were ordered released, penalties were quashed, and the transportation vehicle was to be returned. The Revenue failed to establish reasonable belief for seizure, thereby shifting the burden of proof back to the authorities. en-us Mon, 28 Apr 2025 00:00:00 +0530 Sat, 24 May 2025 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771351 The SC examined the seizure of gold bars under the Customs Act, 1962. The court found no evidence of foreign origin and ruled against the Revenue's claim. The gold bars were ordered released, penalties were quashed, and the transportation vehicle was to be returned. The Revenue failed to establish reasonable belief for seizure, thereby shifting the burden of proof back to the authorities. Case-Laws Customs Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771351