https://www.taxtmi.com/caselaws?id=83060 Foreign currency exported by post through authorised dealers was held subject to the declaration requirement under the Foreign Exchange Regulation Act, 1973 and the 1 January 1974 notification. The expression "goods" was treated as including currency for customs purposes, and the notification was read as applying to postal exports without limiting it to remittances receivable in India. Non-furnishing of the prescribed declaration brought the export within the prohibited goods framework, so confiscation and penalty under the Customs Act, 1962 were upheld, although the fine and penalty were reduced. en-us Fri, 11 Feb 1994 00:00:00 +0530 Sat, 09 Jul 2011 12:39:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83060 Foreign currency exported by post through authorised dealers was held subject to the declaration requirement under the Foreign Exchange Regulation Act, 1973 and the 1 January 1974 notification. The expression "goods" was treated as including currency for customs purposes, and the notification was read as applying to postal exports without limiting it to remittances receivable in India. Non-furnishing of the prescribed declaration brought the export within the prohibited goods framework, so confiscation and penalty under the Customs Act, 1962 were upheld, although the fine and penalty were reduced. Case-Laws Customs Fri, 11 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83060