https://www.taxtmi.com/caselaws?id=49998 The Tribunal upheld the confiscation of 25 gold bars with foreign markings and imposed a penalty of Rs. 1,00,000 on the present appellant for their involvement in dealing with smuggled gold. The appellants' arguments against the nexus between Indian currency and the smuggled gold were considered, leading to the return of the confiscated Indian currency. The decision was based on the lack of contraband in the appellants' premises and discrepancies in the seized amount compared to the value of the confiscated gold, granting the appellants the benefit of doubt. en-us Mon, 17 Jan 2000 00:00:00 +0530 Thu, 19 Aug 2010 10:35:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49998 The Tribunal upheld the confiscation of 25 gold bars with foreign markings and imposed a penalty of Rs. 1,00,000 on the present appellant for their involvement in dealing with smuggled gold. The appellants' arguments against the nexus between Indian currency and the smuggled gold were considered, leading to the return of the confiscated Indian currency. The decision was based on the lack of contraband in the appellants' premises and discrepancies in the seized amount compared to the value of the confiscated gold, granting the appellants the benefit of doubt. Case-Laws Customs Mon, 17 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49998