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2007 (5) TMI 517

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..... er : P.G. Chacko, Member (J)]. -  The appellant was intercepted by officers of Customs on 18-8-1993 in the presence of independent witnesses whereupon he was found to be in possession of two gold cut pieces of foreign origin weighing 74.9 gms. and Indian currencies of the value of Rs. 45,000/-. Subsequent search of his residential premises yielded three gold biscuits of foreign origin weighi .....

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..... sides, we have not found valid challenge against confiscation and penalty. It is an admitted fact that gold biscuits and cut pieces of foreign origin were recovered from the appellant from his residential premises and that no baggage receipt or other valid document evidencing lawful import or acquisition of the goods was produced by the party at the time of seizure of the goods. It further appears .....

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..... copies of the following final orders passed by this Bench:- 1.      No. 381 to 383/2007 dated 27-3-2007 in Appeal Nos. C/255 to 257/2001 2.      No. 68/2007 dated 22-1-2007 in Appeal Nos. C/160/2000 3.      No. 1038/2006 dated 9-11-2006 in Appeal Nos. C/273/2006 4.      No. 1522/2001 dated 5-9- .....

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..... regime. We, therefore, while upholding confiscation of gold and imposition of penalty, holds that the appellant should be given option for redemption against payment of fine. The original authority shall determine a reasonable redemption fine to be paid by the party for redeeming the said goods, after giving him a reasonable opportunity of being heard. In the result, the impugned order is set asi .....

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