Gold Smuggling Case: Partial Relief Granted with Selective Confiscation and Penalty Reduction Under Section 123

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....CESTAT adjudicated a smuggling case involving gold and currency. The tribunal partially allowed the appeal, holding that certain gold ornaments and one gold bar were not liable for confiscation due to discharged burden of proof under Section 123 of Customs Act. However, 26 gold biscuits were confiscated for lack of legitimate purchase documentation. The seized Indian currency of Rs.1,88,00,800 was ordered to be released. Penalties against two individuals were reduced to Rs.5,00,000 and Rs.2,00,000, while the penalty against the third individual was completely set aside. The appeals were disposed of with these specific directions.....