https://www.taxtmi.com/caselaws?id=772156 CESTAT Allahabad dismissed revenue's appeal in gold seizure case. Gold bars seized from individual traveling Kolkata to Jaipur were ordered released. Tribunal held seizure lacked reasonable belief under Section 110 Customs Act as statement was hearsay without corroborative evidence. Revenue failed to establish smuggled nature of gold bars. Valid GST invoice dated 26.01.2023 supported legitimate acquisition. Commissioner (Appeals) order setting aside confiscation and penalties under Sections 111(b)(h)(l)(m) and 112(a)(b) was upheld. Section 123 presumption could not be invoked without reasonable belief foundation. en-us Fri, 02 May 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772156 CESTAT Allahabad dismissed revenue's appeal in gold seizure case. Gold bars seized from individual traveling Kolkata to Jaipur were ordered released. Tribunal held seizure lacked reasonable belief under Section 110 Customs Act as statement was hearsay without corroborative evidence. Revenue failed to establish smuggled nature of gold bars. Valid GST invoice dated 26.01.2023 supported legitimate acquisition. Commissioner (Appeals) order setting aside confiscation and penalties under Sections 111(b)(h)(l)(m) and 112(a)(b) was upheld. Section 123 presumption could not be invoked without reasonable belief foundation. Case-Laws Customs Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772156