https://www.taxtmi.com/caselaws?id=85386 Unauthorised import of foreign currency through a letter was treated as a case for redemption rather than absolute confiscation under the Customs Act. The currency was not considered concealed merely because it was found in the fold of the letter, and the small amount, together with the liberalised foreign exchange policy then encouraging remittances to residents in India, weighed against harsh confiscation. On those facts, absolute confiscation was considered too severe, and release on payment of redemption fine and production of the required no objection certificate was regarded as the proper course. en-us Wed, 10 Jul 1996 00:00:00 +0530 Thu, 04 Aug 2011 16:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85386 Unauthorised import of foreign currency through a letter was treated as a case for redemption rather than absolute confiscation under the Customs Act. The currency was not considered concealed merely because it was found in the fold of the letter, and the small amount, together with the liberalised foreign exchange policy then encouraging remittances to residents in India, weighed against harsh confiscation. On those facts, absolute confiscation was considered too severe, and release on payment of redemption fine and production of the required no objection certificate was regarded as the proper course. Case-Laws Customs Wed, 10 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85386