https://www.taxtmi.com/caselaws?id=91665 The Tribunal ruled in favor of the appellant, ordering the return of the confiscated Indian currency of Rs. 4.5 lacs under Section 121 of the Customs Act, 1962. The decision emphasized the requirement to establish seized currency as proceeds of sale of specific smuggled goods, not merely based on suspicion or lack of ownership claim. The appellant's retraction of admission and request for currency return were pivotal in distinguishing the case, clarifying that Section 121 pertains to sale proceeds of smuggled goods, not unclaimed currency. en-us Wed, 12 Aug 1998 00:00:00 +0530 Thu, 20 Oct 2011 10:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91665 The Tribunal ruled in favor of the appellant, ordering the return of the confiscated Indian currency of Rs. 4.5 lacs under Section 121 of the Customs Act, 1962. The decision emphasized the requirement to establish seized currency as proceeds of sale of specific smuggled goods, not merely based on suspicion or lack of ownership claim. The appellant's retraction of admission and request for currency return were pivotal in distinguishing the case, clarifying that Section 121 pertains to sale proceeds of smuggled goods, not unclaimed currency. Case-Laws Customs Wed, 12 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91665