https://www.taxtmi.com/caselaws?id=462645 CESTAT New Delhi upheld confiscation of seized silver chaurasas and slabs, finding them to be of foreign origin and smuggled based on confessional statements from appellants and witnesses regarding foreign markings. The tribunal reduced penalties on principal appellants from Rs. 10 lakhs to Rs. 2 lakhs and Rs. 20 lakhs to Rs. 4 lakhs respectively, finding original amounts excessive. Penalties on employee appellants working as melters were set aside, distinguishing their limited role from principal dealers. Redemption of confiscated silver was denied due to absence of ownership claims by any party. en-us Wed, 28 Nov 2001 00:00:00 +0530 Mon, 07 Jul 2025 12:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462645 CESTAT New Delhi upheld confiscation of seized silver chaurasas and slabs, finding them to be of foreign origin and smuggled based on confessional statements from appellants and witnesses regarding foreign markings. The tribunal reduced penalties on principal appellants from Rs. 10 lakhs to Rs. 2 lakhs and Rs. 20 lakhs to Rs. 4 lakhs respectively, finding original amounts excessive. Penalties on employee appellants working as melters were set aside, distinguishing their limited role from principal dealers. Redemption of confiscated silver was denied due to absence of ownership claims by any party. Case-Laws Customs Wed, 28 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462645