Suspicion cannot be treated as proof in absence of Corroborative Evidence: CESTAT reduces Penalty under Customs Act [Read Order]

Suspicion - Corroborative Evidence - CESTAT - penalty - Customs Act - Taxscan

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench comprising Mr Anil Choudhary, member (judicial) has held that, Suspicion cannot be treated as proof in absence of Corroborative Evidence. As per the intelligence report on the smuggling of gold, the revenue recovered and seized gold valued at Rs. 1,11,96,000/-. Mr Rajeev Kumar, the…

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