Confiscation & penalty justifiable due to illicit smuggling of gold without valid documents

Planet Green Retail Vs Principal Commissioner of Customs (Preventive) (CESTAT Delhi) CESTAT Delhi held that absolute confiscation of the gold and imposition of penalty thereon justifiable on account of illicit smuggling of gold without any valid documents. Facts- Based on the investigation, it was alleged that the six gold bars of foreign origin have been illicitly smuggled without any valid documents. Hence the Customs officers seized all six bars of 1 kg. each vide the panchnama dated 06.04.2015. The show cause notice bearing No. 86/5 dated 03.07.2015 under section 124 of Customs Act, 1962 w...