https://www.taxtmi.com/caselaws?id=73539 The appeal against the confiscation of Indian currency and imposition of a penalty under the Customs Act, 1962 was dismissed, except for a reduction in the penalty amount from Rs. 6,000 to Rs. 1,000. The court found the appellant's inculpatory statements to be voluntary and true, supported by corroborative evidence linking the currency to contraband gold. Delayed claims of currency ownership by other individuals were deemed unreliable. The show cause notice was considered adequate despite lacking specific sub-section references, and the denial of redemption for the confiscated currency was upheld based on its connection to illegal activities. en-us Wed, 09 Dec 1987 00:00:00 +0530 Wed, 01 Jun 2011 16:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73539 The appeal against the confiscation of Indian currency and imposition of a penalty under the Customs Act, 1962 was dismissed, except for a reduction in the penalty amount from Rs. 6,000 to Rs. 1,000. The court found the appellant's inculpatory statements to be voluntary and true, supported by corroborative evidence linking the currency to contraband gold. Delayed claims of currency ownership by other individuals were deemed unreliable. The show cause notice was considered adequate despite lacking specific sub-section references, and the denial of redemption for the confiscated currency was upheld based on its connection to illegal activities. Case-Laws Central Excise Wed, 09 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73539