https://www.taxtmi.com/caselaws?id=773568 CESTAT Kolkata reduced penalties imposed on appellants under Section 112(b)(i) of Customs Act, 1962 for gold smuggling. Appellants claimed they were merely carriers induced by unidentified persons for monetary consideration, not actual beneficiaries of smuggled gold biscuits bearing foreign markings. Revenue failed to produce evidence countering appellants' claim of being carriers rather than beneficiaries. Considering appellants acted as carriers and department could not prove ultimate beneficial ownership, tribunal took lenient view reducing penalty from Rs. 3,13,000 to Rs. 1,00,000 per appellant. Gold remained absolutely confiscated with no claim made by appellants. en-us Tue, 24 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773568 CESTAT Kolkata reduced penalties imposed on appellants under Section 112(b)(i) of Customs Act, 1962 for gold smuggling. Appellants claimed they were merely carriers induced by unidentified persons for monetary consideration, not actual beneficiaries of smuggled gold biscuits bearing foreign markings. Revenue failed to produce evidence countering appellants' claim of being carriers rather than beneficiaries. Considering appellants acted as carriers and department could not prove ultimate beneficial ownership, tribunal took lenient view reducing penalty from Rs. 3,13,000 to Rs. 1,00,000 per appellant. Gold remained absolutely confiscated with no claim made by appellants. Case-Laws Customs Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773568