https://www.taxtmi.com/caselaws?id=101500 The appellate tribunal upheld the confiscation of 85 foreign marked gold bars and undeclared foreign currency under Sections 111(d), 111(i), and 111(l) of the Customs Act, 1962. The passengers were allowed duty-paid clearance of the gold upon payment of a fine but were subject to penalties and confiscation of other concealed items. The tribunal confirmed the confiscation of foreign currency under Section 111(l) for non-declaration but not under Section 111(d), suggesting a redemption fine. A redemption fine of Rs. 10 lakhs each for the gold and foreign currency and a penalty of Rs. 3 lakhs on each passenger were deemed appropriate, modifying the fines and penalties imposed by the Adjudicator. en-us Thu, 28 Feb 2002 00:00:00 +0530 Thu, 09 Feb 2012 18:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101500 The appellate tribunal upheld the confiscation of 85 foreign marked gold bars and undeclared foreign currency under Sections 111(d), 111(i), and 111(l) of the Customs Act, 1962. The passengers were allowed duty-paid clearance of the gold upon payment of a fine but were subject to penalties and confiscation of other concealed items. The tribunal confirmed the confiscation of foreign currency under Section 111(l) for non-declaration but not under Section 111(d), suggesting a redemption fine. A redemption fine of Rs. 10 lakhs each for the gold and foreign currency and a penalty of Rs. 3 lakhs on each passenger were deemed appropriate, modifying the fines and penalties imposed by the Adjudicator. Case-Laws Customs Thu, 28 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101500