https://www.taxtmi.com/caselaws?id=773739 CESTAT Kolkata set aside confiscation of six gold bars weighing 499.17 grams and penalty of Rs.1,60,000 imposed under Section 112(b)(i) of Customs Act, 1962. The gold bars were seized from appellant's possession at Guwahati Railway Station. Department failed to establish foreign origin or smuggled nature of gold with corroborative evidence. High purity (99.5%) alone insufficient to prove foreign origin. Appellant provided documentary evidence of domestic purchase from trading company. Section 123 provisions not applicable in town seizure cases without proof of smuggling. Appeal allowed. en-us Wed, 25 Jun 2025 00:00:00 +0530 Fri, 27 Jun 2025 08:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773739 CESTAT Kolkata set aside confiscation of six gold bars weighing 499.17 grams and penalty of Rs.1,60,000 imposed under Section 112(b)(i) of Customs Act, 1962. The gold bars were seized from appellant's possession at Guwahati Railway Station. Department failed to establish foreign origin or smuggled nature of gold with corroborative evidence. High purity (99.5%) alone insufficient to prove foreign origin. Appellant provided documentary evidence of domestic purchase from trading company. Section 123 provisions not applicable in town seizure cases without proof of smuggling. Appeal allowed. Case-Laws Customs Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773739