https://www.taxtmi.com/caselaws?id=51416 The court upheld the confiscation of 49 foreign marked gold biscuits seized from Shri D.S. Srinivas, finding them to be smuggled into India. Penalties were imposed on involved parties: Rs. 5 lakhs on Shri Lakhanraj, Rs. 2 lakhs on Shri D.S. Srinivas, and initially Rs. 3 lakhs on Shri Prakash Chand, which was later set aside. The court deemed the statements and evidence provided by the appellants inconsistent and unreliable, leading to the dismissal of appeals by Shri D.S. Srinivas and Shri Lakhanraj while allowing the appeal of Shri Prakash Chand. en-us Fri, 13 Sep 2002 00:00:00 +0530 Fri, 24 Sep 2010 16:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51416 The court upheld the confiscation of 49 foreign marked gold biscuits seized from Shri D.S. Srinivas, finding them to be smuggled into India. Penalties were imposed on involved parties: Rs. 5 lakhs on Shri Lakhanraj, Rs. 2 lakhs on Shri D.S. Srinivas, and initially Rs. 3 lakhs on Shri Prakash Chand, which was later set aside. The court deemed the statements and evidence provided by the appellants inconsistent and unreliable, leading to the dismissal of appeals by Shri D.S. Srinivas and Shri Lakhanraj while allowing the appeal of Shri Prakash Chand. Case-Laws Customs Fri, 13 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51416