https://www.taxtmi.com/caselaws?id=797144 Confiscation of Indian currency as sale proceeds of smuggled goods under the Customs Act was addressed alongside the evidentiary value of statements recorded during customs inquiry. Such statements were treated as substantive evidence, while a subsequent retraction was rejected as an afterthought. Possession of smuggled goods attracted penalty consequences, and the statutory burden required proof that the goods were not smuggled. The Supreme Court found no ground to interfere with the High Court's common order. en-us Thu, 13 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797144 Confiscation of Indian currency as sale proceeds of smuggled goods under the Customs Act was addressed alongside the evidentiary value of statements recorded during customs inquiry. Such statements were treated as substantive evidence, while a subsequent retraction was rejected as an afterthought. Possession of smuggled goods attracted penalty consequences, and the statutory burden required proof that the goods were not smuggled. The Supreme Court found no ground to interfere with the High Court's common order. Case-Laws Customs Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797144