https://www.taxtmi.com/caselaws?id=94150 The Tribunal found the confiscation of Indian currency of Rs. 1.20 lakhs to be unlawful as the department failed to prove it was proceeds of smuggled goods. The amount was ordered to be returned to the appellant. The confiscation of US $ 8,600 was upheld as ownership was not claimed. Penalties imposed on the appellants were deemed unjustified due to lack of independent evidence and retracted statements. Both appeals were allowed, and consequential reliefs were granted in favor of the appellants. en-us Fri, 22 Feb 1991 00:00:00 +0530 Sat, 19 Nov 2011 14:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94150 The Tribunal found the confiscation of Indian currency of Rs. 1.20 lakhs to be unlawful as the department failed to prove it was proceeds of smuggled goods. The amount was ordered to be returned to the appellant. The confiscation of US $ 8,600 was upheld as ownership was not claimed. Penalties imposed on the appellants were deemed unjustified due to lack of independent evidence and retracted statements. Both appeals were allowed, and consequential reliefs were granted in favor of the appellants. Case-Laws Customs Fri, 22 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94150