https://www.taxtmi.com/caselaws?id=772502 CESTAT New Delhi upheld confiscation of 2946.80 grams of foreign-marked gold seized from appellant and penalty of Rs. 10,00,000 under Customs Act sections 111 and 112(b)(i). Appellant failed to discharge burden under section 123 to prove gold was not smuggled, consistently stating across three statements over four months that gold was purchased without invoices or documents. Invoice produced later did not match seized gold's description or quantity. Court found reasonable belief existed that gold was smuggled based on specific intelligence, foreign markings, and lack of duty-paid documents. Appeal dismissed. en-us Fri, 06 Jun 2025 00:00:00 +0530 Mon, 09 Jun 2025 14:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772502 CESTAT New Delhi upheld confiscation of 2946.80 grams of foreign-marked gold seized from appellant and penalty of Rs. 10,00,000 under Customs Act sections 111 and 112(b)(i). Appellant failed to discharge burden under section 123 to prove gold was not smuggled, consistently stating across three statements over four months that gold was purchased without invoices or documents. Invoice produced later did not match seized gold's description or quantity. Court found reasonable belief existed that gold was smuggled based on specific intelligence, foreign markings, and lack of duty-paid documents. Appeal dismissed. Case-Laws Customs Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772502