https://www.taxtmi.com/caselaws?id=774098 The HC admitted the appeal on substantial questions of law and stayed the Tribunal's order allowing respondent's appeal for release of seized gold and currency under Customs Act, 1962. The Court found the Tribunal erred by not properly applying sections 111(b), 111(d), 123, 112(a), 112(b), and 114AA, failed to consider burden of proof requirements under section 123, ignored DRI investigation findings, and improperly rejected valid section 108 statements without proof of coercion. The Tribunal's non-imposition of penalties despite evidence of customs violations was deemed perverse and contrary to law, warranting reconsideration. en-us Tue, 01 Jul 2025 00:00:00 +0530 Thu, 03 Jul 2025 08:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774098 The HC admitted the appeal on substantial questions of law and stayed the Tribunal's order allowing respondent's appeal for release of seized gold and currency under Customs Act, 1962. The Court found the Tribunal erred by not properly applying sections 111(b), 111(d), 123, 112(a), 112(b), and 114AA, failed to consider burden of proof requirements under section 123, ignored DRI investigation findings, and improperly rejected valid section 108 statements without proof of coercion. The Tribunal's non-imposition of penalties despite evidence of customs violations was deemed perverse and contrary to law, warranting reconsideration. Case-Laws Customs Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774098