https://www.taxtmi.com/caselaws?id=92350 Non-declaration of foreign currency in breach of the applicable foreign exchange notification supports confiscation under the foreign exchange regime. However, where the facts show no concealment, no evidence linking the traveller to a smuggling nexus, and a credible claim that the revised limit was not adequately publicised, the monetary consequences may be moderated. On those facts, confiscation was maintained, but the currency was permitted to be redeemed on payment of a reduced fine and the penalty was waived. en-us Tue, 30 Jun 1998 00:00:00 +0530 Mon, 31 Oct 2011 18:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92350 Non-declaration of foreign currency in breach of the applicable foreign exchange notification supports confiscation under the foreign exchange regime. However, where the facts show no concealment, no evidence linking the traveller to a smuggling nexus, and a credible claim that the revised limit was not adequately publicised, the monetary consequences may be moderated. On those facts, confiscation was maintained, but the currency was permitted to be redeemed on payment of a reduced fine and the penalty was waived. Case-Laws Customs Tue, 30 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92350