https://www.taxtmi.com/caselaws?id=464720 CESTAT ALLAHABAD - AT allowed the appeal, set aside confiscation of gold (2998.50 g and samples 4.9 g, 4.72 g) and confiscation of Indian currency (Rs. 1,01,25,600), and quashed penalties. The Tribunal found statements retracted and no corroborative evidence of smuggling; seized gold showed purity below 99.9% and was not proven to be brought from outside India, so it was not liable for confiscation under s.111. Consequently the currency could not be treated as sale proceeds of smuggled goods and penalties under s.112 were not sustainable. en-us Wed, 23 Apr 2025 00:00:00 +0530 Tue, 11 Nov 2025 19:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464720 CESTAT ALLAHABAD - AT allowed the appeal, set aside confiscation of gold (2998.50 g and samples 4.9 g, 4.72 g) and confiscation of Indian currency (Rs. 1,01,25,600), and quashed penalties. The Tribunal found statements retracted and no corroborative evidence of smuggling; seized gold showed purity below 99.9% and was not proven to be brought from outside India, so it was not liable for confiscation under s.111. Consequently the currency could not be treated as sale proceeds of smuggled goods and penalties under s.112 were not sustainable. Case-Laws Customs Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464720