Tribunal overturns currency confiscation due to lack of evidence.

The Mumbai appellate tribunal allowed the appeal, overturning the confiscation of Indian currency worth Rs. 1,68,500/- seized from the appellant. The tribunal determined that the Department did not provide enough evidence to link the currency to the sale proceeds of smuggled goods as mandated by Section 121 of the Act, leading to the confiscation being set aside.

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The appellate tribunal in Mumbai allowed the appeal regarding the confiscation of Indian currency worth Rs. 1,68,500/- seized from the appellant. The tribunal found that there was insufficient evidence to prove that the currency was the sale proceeds of smuggled goods as required by Section 121 of the Act. The tribunal concluded that the Department failed to establish this connection and set aside the confiscation of the currency.

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