https://www.taxtmi.com/highlights?id=89515 CESTAT adjudicated a customs seizure case involving gold, currency, and a vehicle. The Tribunal found insufficient evidence to prove smuggling, noting lack of foreign markings and the appellant's credible explanation of gold inheritance through a familial Wasiyatnama. The appellant demonstrated legitimate procurement of gold through an affidavit and historical documentation. Consequently, the Tribunal ruled against absolute confiscation of gold, foreign and Indian currency, and the vehicle. The investigative authority failed to establish reasonable belief of smuggling. The impugned order was set aside, the appeal was allowed, and all seized items were ordered to be released to the appellant without imposing any penalties. en-us Wed, 18 Jun 2025 09:04:19 +0530 Wed, 18 Jun 2025 09:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89515 CESTAT adjudicated a customs seizure case involving gold, currency, and a vehicle. The Tribunal found insufficient evidence to prove smuggling, noting lack of foreign markings and the appellant's credible explanation of gold inheritance through a familial Wasiyatnama. The appellant demonstrated legitimate procurement of gold through an affidavit and historical documentation. Consequently, the Tribunal ruled against absolute confiscation of gold, foreign and Indian currency, and the vehicle. The investigative authority failed to establish reasonable belief of smuggling. The impugned order was set aside, the appeal was allowed, and all seized items were ordered to be released to the appellant without imposing any penalties. Highlights Customs Wed, 18 Jun 2025 09:04:19 +0530 https://www.taxtmi.com/highlights?id=89515