2000 (5) TMI 273 - AT - Customs

Summary

Appellate Tribunal CEGAT, Mumbai upheld penalty on the appellant under Customs Act and Gold (Control) Act based on statements by two individuals implicating the appellant in gold transfer. Appellant's defense of being in Rajasthan during the alleged transfer date was not accepted due to delayed retraction of statements by the individuals. The tribunal dismissed the appeals, finding the statements sufficient to implicate the appellant.