https://www.taxtmi.com/caselaws?id=782589 CESTAT (Allahabad) dismissed the Revenue's appeals and upheld the Commissioner (Appeals)'s order setting aside confiscation of foreign-marked gold bars, silver bullion and currency under Section 111 of the Customs Act, 1962. The Tribunal held that the respondents produced purchase invoices, stock records, GST payments and a CA certificate demonstrating legitimate acquisition and proper accounting of the seized bullion. Revenue failed to rebut this documentary evidence or to discharge the burden under Section 123. Confiscation of silver bullion was rejected as it was duly recorded in books. Confiscation of currency was also set aside, there being no evidence that it represented sale proceeds of smuggled bullion. en-us Wed, 23 Apr 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782589 CESTAT (Allahabad) dismissed the Revenue's appeals and upheld the Commissioner (Appeals)'s order setting aside confiscation of foreign-marked gold bars, silver bullion and currency under Section 111 of the Customs Act, 1962. The Tribunal held that the respondents produced purchase invoices, stock records, GST payments and a CA certificate demonstrating legitimate acquisition and proper accounting of the seized bullion. Revenue failed to rebut this documentary evidence or to discharge the burden under Section 123. Confiscation of silver bullion was rejected as it was duly recorded in books. Confiscation of currency was also set aside, there being no evidence that it represented sale proceeds of smuggled bullion. Case-Laws Customs Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782589