https://www.taxtmi.com/caselaws?id=95923 Foreign currency brought into India was not treated as liable to confiscation where the source of funds was accepted and the only lapse was non-declaration in the currency declaration form. On those facts, the confiscatory consequences were found excessive: the penalty was set aside and the redemption fine was reduced. en-us Mon, 05 Feb 2001 00:00:00 +0530 Thu, 15 Dec 2011 18:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95923 Foreign currency brought into India was not treated as liable to confiscation where the source of funds was accepted and the only lapse was non-declaration in the currency declaration form. On those facts, the confiscatory consequences were found excessive: the penalty was set aside and the redemption fine was reduced. Case-Laws Customs Mon, 05 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95923