https://www.taxtmi.com/caselaws?id=772260 CESTAT Kolkata set aside penalty imposed under Section 112(b) of Customs Act, 1962 against appellant in gold smuggling case. Three persons intercepted while smuggling gold bars from China via Bhutan had implicated appellant in their statements. However, appellant never admitted involvement in smuggling activities and denied procuring gold from banks or wholesalers. Revenue failed to provide corroborative evidence establishing appellant's participation in the alleged smuggling operation. Court held that penalty cannot be imposed solely based on statements of apprehended smugglers without supporting evidence. Appeal allowed. en-us Thu, 05 Jun 2025 00:00:00 +0530 Thu, 05 Jun 2025 12:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772260 CESTAT Kolkata set aside penalty imposed under Section 112(b) of Customs Act, 1962 against appellant in gold smuggling case. Three persons intercepted while smuggling gold bars from China via Bhutan had implicated appellant in their statements. However, appellant never admitted involvement in smuggling activities and denied procuring gold from banks or wholesalers. Revenue failed to provide corroborative evidence establishing appellant's participation in the alleged smuggling operation. Court held that penalty cannot be imposed solely based on statements of apprehended smugglers without supporting evidence. Appeal allowed. Case-Laws Customs Thu, 05 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772260