https://www.taxtmi.com/caselaws?id=53571 The Tribunal set aside the confiscation of 180 kgs. of silver seized from the appellants, who were jewellers, in a gipsy. The silver was deemed not smuggled based on its varying weight and purity, indicating it was obtained from melting ornaments. The Circular No. 394/233/88-Cus. (AS) guided the Tribunal's decision, highlighting that the silver pieces did not meet the criteria for invoking Section 123 of the Customs Act. Consequently, the penalty of Rs. 25,000/- imposed on each appellant was overturned due to the lack of evidence supporting smuggling. en-us Fri, 03 Dec 2004 00:00:00 +0530 Thu, 14 Oct 2010 10:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53571 The Tribunal set aside the confiscation of 180 kgs. of silver seized from the appellants, who were jewellers, in a gipsy. The silver was deemed not smuggled based on its varying weight and purity, indicating it was obtained from melting ornaments. The Circular No. 394/233/88-Cus. (AS) guided the Tribunal's decision, highlighting that the silver pieces did not meet the criteria for invoking Section 123 of the Customs Act. Consequently, the penalty of Rs. 25,000/- imposed on each appellant was overturned due to the lack of evidence supporting smuggling. Case-Laws Customs Fri, 03 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53571