https://www.taxtmi.com/caselaws?id=97904 Contravention of restrictions on export of Indian currency was found, but the surrounding circumstances and the appellant's claimed bona fide belief justified a lenient approach. Absolute confiscation of the currency was not maintained; redemption was permitted on payment of fine. The personal penalty was also set aside because the mitigating factors and lack of awareness of the procedure made further penal action unnecessary. The operative result was modification of the confiscation order to allow release of the currency on redemption fine alone, without any personal penalty. en-us Thu, 31 May 2001 00:00:00 +0530 Wed, 18 Jan 2012 15:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97904 Contravention of restrictions on export of Indian currency was found, but the surrounding circumstances and the appellant's claimed bona fide belief justified a lenient approach. Absolute confiscation of the currency was not maintained; redemption was permitted on payment of fine. The personal penalty was also set aside because the mitigating factors and lack of awareness of the procedure made further penal action unnecessary. The operative result was modification of the confiscation order to allow release of the currency on redemption fine alone, without any personal penalty. Case-Laws Customs Thu, 31 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97904