https://www.taxtmi.com/caselaws?id=51030 Foreign-marked gold bars were held not liable to confiscation where purchase vouchers were accepted for part of the seized goods, the remaining records could not be reliably correlated with the seizure, and the incriminating statement of the co-noticee had been retracted without independent corroboration; on that material, the statutory burden under Section 123 was treated as discharged and confiscation and penalty were set aside. By contrast, foreign currency recovered from the co-noticee's premises was sustained in confiscation, along with the related penalty, because no sufficient basis was shown to dislodge the finding against its release. The differing outcomes turned on the adequacy of documentary proof and corroboration in each seizure. en-us Tue, 27 Nov 2001 00:00:00 +0530 Tue, 21 Sep 2010 15:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51030 Foreign-marked gold bars were held not liable to confiscation where purchase vouchers were accepted for part of the seized goods, the remaining records could not be reliably correlated with the seizure, and the incriminating statement of the co-noticee had been retracted without independent corroboration; on that material, the statutory burden under Section 123 was treated as discharged and confiscation and penalty were set aside. By contrast, foreign currency recovered from the co-noticee's premises was sustained in confiscation, along with the related penalty, because no sufficient basis was shown to dislodge the finding against its release. The differing outcomes turned on the adequacy of documentary proof and corroboration in each seizure. Case-Laws Customs Tue, 27 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51030