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Ishwar Ramchandra Gidwani And Dilip ... vs Collector Of Customs (Preventive) on 24 April, 1985

277) and stated that it was held in the said decision of this Tribunal that for arriving at a conclusion that Indian currency is sale proceed of smuggled gold, the condition such as establishment of sale, the person to whom sale is made and the quantity of gold sold to which customer has to be established. In the present case, he argued that no such evidence is brought on record and therefore Revenue has failed to establish that seized currency was sale proceeds of smuggled gold.
Customs, Excise and Gold Tribunal - Mumbai Cites 2 - Cited by 9 - Full Document
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