https://www.taxtmi.com/caselaws?id=50352 The appellate tribunal allowed the appeal of the appellants, M/s. Akule Seshagir Rao, in a case involving the seizure of Silver Bullion with foreign markings. The tribunal overturned the Commissioner's decision to confiscate the silver and impose a penalty under the Customs Act, 1962. It found insufficient evidence to prove smuggling and accepted the appellants' ownership claim supported by documentation and legal precedents. The tribunal emphasized the need for clear evidence in such cases and set aside the confiscation and penalty orders. en-us Thu, 08 Jun 2000 00:00:00 +0530 Sat, 21 Aug 2010 12:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50352 The appellate tribunal allowed the appeal of the appellants, M/s. Akule Seshagir Rao, in a case involving the seizure of Silver Bullion with foreign markings. The tribunal overturned the Commissioner's decision to confiscate the silver and impose a penalty under the Customs Act, 1962. It found insufficient evidence to prove smuggling and accepted the appellants' ownership claim supported by documentation and legal precedents. The tribunal emphasized the need for clear evidence in such cases and set aside the confiscation and penalty orders. Case-Laws Customs Thu, 08 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50352