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of <h1>CESTAT Upholds Gold Confiscation for Smuggling, Enforcing Strict Compliance with Customs Act Sections 111(d) and 112(b) Regulations.</h1> The recent decision by the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in New Delhi involves the seizure and confiscation of foreign-origin gold under the Customs Act, 1962. The Tribunal examined the definitions of 'prohibited goods' and 'smuggling' within the Customs Act and the Foreign Trade (Development and Regulation) Act, 1992. The gold, seized from an individual's premises, lacked documentation proving lawful importation, leading to its classification as smuggled. The Tribunal upheld absolute confiscation under Section 111(d) and imposed penalties under Section 112(b) due to non-compliance with import regulations, emphasizing strict adherence to legal mandates.
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