https://www.taxtmi.com/caselaws?id=791388 Customs seizure and confiscation of gold require objective material and recorded reasons showing a reason to believe under Section 110; absent prior recorded reasons, the seizure is unsustainable. The presumption under Section 123 applies only to a lawful seizure, and foreign markings on gold by themselves do not prove smuggled origin. Confiscation under Section 111 must specify the applicable clause and be supported by the statutory ingredients; otherwise it is defective. Absolute confiscation of gold is ordinarily impermissible without exceptional circumstances and redemption under Section 125. Currency can be confiscated under Section 121 only if proved to be sale proceeds of smuggled goods, and penalty under Section 112 requires clear statutory basis and corroborated evidence. en-us Fri, 08 May 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791388 Customs seizure and confiscation of gold require objective material and recorded reasons showing a reason to believe under Section 110; absent prior recorded reasons, the seizure is unsustainable. The presumption under Section 123 applies only to a lawful seizure, and foreign markings on gold by themselves do not prove smuggled origin. Confiscation under Section 111 must specify the applicable clause and be supported by the statutory ingredients; otherwise it is defective. Absolute confiscation of gold is ordinarily impermissible without exceptional circumstances and redemption under Section 125. Currency can be confiscated under Section 121 only if proved to be sale proceeds of smuggled goods, and penalty under Section 112 requires clear statutory basis and corroborated evidence. Case-Laws Customs Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791388