https://www.taxtmi.com/caselaws?id=774428 CESTAT Kolkata set aside confiscation of Indian currency totaling Rs. 78,00,000 seized from appellants, ruling the Department failed to establish the money constituted sale proceeds of smuggled gold. The tribunal upheld penalties under sections 112(a)(i) and 112(b)(ii) against two appellants found possessing gold with foreign markings without valid documents, but set aside penalties against two other appellants from whom no gold was seized. Confiscation of a Maruti Alto vehicle and associated redemption fine of Rs. 37,000 was also set aside due to lack of evidence linking the vehicle to smuggling activities. en-us Tue, 08 Jul 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774428 CESTAT Kolkata set aside confiscation of Indian currency totaling Rs. 78,00,000 seized from appellants, ruling the Department failed to establish the money constituted sale proceeds of smuggled gold. The tribunal upheld penalties under sections 112(a)(i) and 112(b)(ii) against two appellants found possessing gold with foreign markings without valid documents, but set aside penalties against two other appellants from whom no gold was seized. Confiscation of a Maruti Alto vehicle and associated redemption fine of Rs. 37,000 was also set aside due to lack of evidence linking the vehicle to smuggling activities. Case-Laws Customs Tue, 08 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774428