https://www.taxtmi.com/caselaws?id=72741 A notification under Section 13(1) of the Foreign Exchange Regulations Act, 1973 was held inapplicable to seized foreign-marked gold coins because it concerned foreign exchange instruments, not non-legal-tender coins. Section 123 of the Customs Act, 1962 continued to apply to the gold coins, and the omission to cite that provision in the show cause notice or adjudication order caused no prejudice; the possessor remained bound to prove lawful possession. Absolute confiscation was nevertheless modified because the facts justified an option of redemption on payment of fine and compliance with conditions. en-us Wed, 06 Aug 1986 00:00:00 +0530 Tue, 24 May 2011 17:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72741 A notification under Section 13(1) of the Foreign Exchange Regulations Act, 1973 was held inapplicable to seized foreign-marked gold coins because it concerned foreign exchange instruments, not non-legal-tender coins. Section 123 of the Customs Act, 1962 continued to apply to the gold coins, and the omission to cite that provision in the show cause notice or adjudication order caused no prejudice; the possessor remained bound to prove lawful possession. Absolute confiscation was nevertheless modified because the facts justified an option of redemption on payment of fine and compliance with conditions. Case-Laws Customs Wed, 06 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72741