2000 (11) TMI 362 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai heard a case involving seizure of gold and currency from an individual. The applicant claimed to have purchased the gold lawfully, but the Customs did not properly examine the claim before issuing a show cause notice. The Tribunal found a procedural flaw and granted waiver of pre-deposit of penalty, allowing the appeal and staying penalty recovery during appeal proceedings.