Home Case Index All Cases Customs Customs + AT Customs - 2017 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (10) TMI 91 - AT - CustomsAbsolute Confiscation - Penalty - Gold Buscuit - non-production of any valid document of the possession of the foreign origin gold - Held that: - the foreign origin gold is a notified item u/s 123 of the Act, 1962 and the burden of proof lies with the person from whose possession the goods were seized - the Ld. Advocate stated that the appellant purchased the seized gold upon payment through RTGS. But no evidence was placed. Considering the value of gold, the quantum of penalty imposed on the appellants should be reduced. Penalty imposed on Shri Utpal Kr. Dey and Shri Dipak Sen is reduced to ₹ 5,00,000/- and ₹ 1,00,000/- respectively - absolute confiscation upheld - decided partly in favor of appellant.
|