https://www.taxtmi.com/caselaws?id=83445 The Tribunal confirmed the confiscation of foreign currency and reduced the penalty on the main individual from Rs. 2,50,000 to Rs. 1.25 lakhs for attempting illegal export without proper declaration. The penalty imposed on another individual was set aside due to lack of direct involvement in the attempted export. en-us Wed, 04 Aug 1993 00:00:00 +0530 Wed, 13 Jul 2011 15:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83445 The Tribunal confirmed the confiscation of foreign currency and reduced the penalty on the main individual from Rs. 2,50,000 to Rs. 1.25 lakhs for attempting illegal export without proper declaration. The penalty imposed on another individual was set aside due to lack of direct involvement in the attempted export. Case-Laws Customs Wed, 04 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83445