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1999 (3) TMI 220 - CEGAT, CALCUTTAExtract: .......s also not factually correct. As the item attracted the provisions of Section 123, the authorities cannot be faulted for confiscation of the gold in the absence of proper explanation by the possessor. However, the redemption fine is too high. Accordingly, the same is reduced to Rs. 5,000/. Subject to this modification, the impugned order is upheld.
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