https://www.taxtmi.com/caselaws?id=781646 CESTAT set aside the penalty under s.112(b) of the Customs Act, 1962, holding there was no cogent evidence linking the appellant to smuggling of gold; recovered cash and gold could not be proved as proceeds of smuggling. Statements relied on by the adjudicating authority were not examined in accordance with s.138B, and thus were inadmissible for imposing penalty. In view of lack of evidence and allied decisions on similar facts, the Tribunal allowed the appeal and quashed the penalty. en-us Wed, 23 Jul 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781646 CESTAT set aside the penalty under s.112(b) of the Customs Act, 1962, holding there was no cogent evidence linking the appellant to smuggling of gold; recovered cash and gold could not be proved as proceeds of smuggling. Statements relied on by the adjudicating authority were not examined in accordance with s.138B, and thus were inadmissible for imposing penalty. In view of lack of evidence and allied decisions on similar facts, the Tribunal allowed the appeal and quashed the penalty. Case-Laws Customs Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781646