https://www.taxtmi.com/caselaws?id=793579 In a town seizure of gold bars, credible purchase records, stock registers, GST returns, job work challans and books of account rebutted the presumption of smuggled origin under Section 123 of the Customs Act, 1962. The tribunal held that these documents discharged the evidentiary burden on the appellants, and the gold could not be treated as smuggled merely on suspicion. Confiscation and penalties were therefore unsustainable, and release of the gold was directed. en-us Thu, 18 Jun 2026 00:00:00 +0530 Fri, 19 Jun 2026 08:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793579 In a town seizure of gold bars, credible purchase records, stock registers, GST returns, job work challans and books of account rebutted the presumption of smuggled origin under Section 123 of the Customs Act, 1962. The tribunal held that these documents discharged the evidentiary burden on the appellants, and the gold could not be treated as smuggled merely on suspicion. Confiscation and penalties were therefore unsustainable, and release of the gold was directed. Case-Laws Customs Thu, 18 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793579