https://www.taxtmi.com/caselaws?id=50996 The Tribunal upheld the legality of the seizure of gold and foreign currencies, the competency of the search warrant issued by the Superintendent, and the applicability of Section 123 of the Customs Act. It deemed the statements made by the appellants as valid evidence and upheld the burden of proof on the appellants regarding the smuggled nature of gold. The foreign currencies were found confiscable due to lack of credible defense. Penalties were upheld for some appellants while reduced for others, with an option for redemption of foreign currencies for one appellant. en-us Fri, 20 Jul 2001 00:00:00 +0530 Tue, 21 Sep 2010 12:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50996 The Tribunal upheld the legality of the seizure of gold and foreign currencies, the competency of the search warrant issued by the Superintendent, and the applicability of Section 123 of the Customs Act. It deemed the statements made by the appellants as valid evidence and upheld the burden of proof on the appellants regarding the smuggled nature of gold. The foreign currencies were found confiscable due to lack of credible defense. Penalties were upheld for some appellants while reduced for others, with an option for redemption of foreign currencies for one appellant. Case-Laws Customs Fri, 20 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50996