CESTAT Hyderabad Sets Aside Gold Confiscation due to Unsubstantiated Assumptions

Kogatam Sadik Basha Vs Commissioner of Central Tax Preventive – Vijayawada (CESTAT Hyderabad) Confiscation of gold without corroborative evidence and merely on assumptions are liable to be set aside: CESTAT Hyderabad CESTAT Hyderabad, led by the Single Bench member, held in the present case of Kogatam Sadik Basha Vs Commissioner of Customs ,(Preventive), Vijayawada that producing the corroborative evidence for allegation that gold is smuggled is crucial also the penalty imposed for such absolute confiscation under Section 112(b)(i) of the Customs Act,1962 was also examined. Facts: The au...