CESTAT upholds Confiscation of 2.95 Kg Foreign-Marked Gold as Invoice Mismatched and No Proof of...

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has upheld the confiscation of foreign-marked gold as the invoice mismatched and there was no proof of duty payment. This ruling underscores the strict enforcement against illegal gold imports and smuggling. The discrepancies in documentation coupled with the absence of duty payment confirmed the illicit nature of the gold. CESTAT's decision reinforces the government's efforts to curb the black market for gold, protecting domestic industry and preventing revenue loss from untaxed imports.