https://www.taxtmi.com/caselaws?id=93078 The Tribunal set aside the confiscation of Indian Currency under the Customs Act, 1962, finding the reasoning for confiscation and penalty imposition to be based on presumption rather than concrete evidence. The delay in claiming ownership and proximity to the border were not considered conclusive. The evidence presented by the appellant, including business transaction documents, was deemed sufficient to refute allegations of illegal importation. As a result, the impugned Order was overturned, and the appeals were allowed in favor of the appellants, granting them consequential reliefs. en-us Wed, 08 Dec 1999 00:00:00 +0530 Tue, 08 Nov 2011 11:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93078 The Tribunal set aside the confiscation of Indian Currency under the Customs Act, 1962, finding the reasoning for confiscation and penalty imposition to be based on presumption rather than concrete evidence. The delay in claiming ownership and proximity to the border were not considered conclusive. The evidence presented by the appellant, including business transaction documents, was deemed sufficient to refute allegations of illegal importation. As a result, the impugned Order was overturned, and the appeals were allowed in favor of the appellants, granting them consequential reliefs. Case-Laws Customs Wed, 08 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93078