https://www.taxtmi.com/caselaws?id=72238 The Tribunal upheld the confiscation of foreign currency but set aside the personal penalty on Shri Gidwani due to insufficient evidence linking him to the smuggling attempt. Shri Parmar's penalty of Rs. 15,000/- was upheld based on his direct involvement and past offenses. The Tribunal emphasized the need for corroborative evidence when relying on retracted statements, particularly those of accomplices. en-us Wed, 24 Apr 1985 00:00:00 +0530 Sat, 14 May 2011 15:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72238 The Tribunal upheld the confiscation of foreign currency but set aside the personal penalty on Shri Gidwani due to insufficient evidence linking him to the smuggling attempt. Shri Parmar's penalty of Rs. 15,000/- was upheld based on his direct involvement and past offenses. The Tribunal emphasized the need for corroborative evidence when relying on retracted statements, particularly those of accomplices. Case-Laws Customs Wed, 24 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72238