https://www.taxtmi.com/caselaws?id=93203 Indian currency may be confiscated under Customs law only where there is able nexus with the sale proceeds of smuggled goods; absent such evidence, confiscation fails and the currency must be returned. Repeal of the Gold (Control) Act does not extinguish proceedings for past violations where the saving principle under the General Clauses Act preserves actions already initiated while the Act was in force; those proceedings remain maintainable. Penalties under both enactments may be moderated on the facts, and the penalties here were reduced substantially. en-us Thu, 02 Dec 1999 00:00:00 +0530 Wed, 09 Nov 2011 10:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93203 Indian currency may be confiscated under Customs law only where there is able nexus with the sale proceeds of smuggled goods; absent such evidence, confiscation fails and the currency must be returned. Repeal of the Gold (Control) Act does not extinguish proceedings for past violations where the saving principle under the General Clauses Act preserves actions already initiated while the Act was in force; those proceedings remain maintainable. Penalties under both enactments may be moderated on the facts, and the penalties here were reduced substantially. Case-Laws Customs Thu, 02 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93203