Foreign Markings Alone Cannot Prove Gold Was Smuggled: CESTAT Hyderabad

Kishore Kumar Gilda Vs Commissioner of Customs (CESTAT Hyderabad) CESTAT Sets Aside Gold Confiscation Due to Failure to Record “Reason to Believe”; Confiscation Order Invalid as Customs Failed to Specify Clause Under Section 111; Retracted Confession Without Independent Evidence Cannot Justify Customs Action; Absolute Confiscation of Gold Not Justified as Gold Is Not Prohibited Item: CESTAT. The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad, allowed an appeal challenging the confiscation of gold, Indian currency, and imposition of penalty under the Customs Act, 1...