https://www.taxtmi.com/caselaws?id=92822 The appellant's earliest statement at interception, admitting that he had arranged the currency and was carrying it to Dubai for personal use, was treated as reliable evidence; the later claim that the money belonged to third parties was rejected as an afterthought, so confiscation of the seized currency was upheld. On the question of penalty, the authorities found the liability established but considered the personal penalty excessive on the facts, so it was reduced. en-us Fri, 19 Nov 1999 00:00:00 +0530 Sat, 05 Nov 2011 13:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92822 The appellant's earliest statement at interception, admitting that he had arranged the currency and was carrying it to Dubai for personal use, was treated as reliable evidence; the later claim that the money belonged to third parties was rejected as an afterthought, so confiscation of the seized currency was upheld. On the question of penalty, the authorities found the liability established but considered the personal penalty excessive on the facts, so it was reduced. Case-Laws Customs Fri, 19 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92822