https://www.taxtmi.com/caselaws?id=103046 Under section 54 of the Foreign Exchange Regulation Act, 1973, the High Court will not interfere with a discretionary appellate order on confiscation unless a jurisdictional error is shown. The Appellate Board's decision to set aside confiscation of currency while substantially enhancing the penalty was treated as a factual and discretionary determination within its competence. The respondent's statement, surrounding circumstances and subsequent conduct were accepted as sufficient to sustain the finding of contravention, and the cited confiscation precedent was distinguished on its facts. On that basis, the limited appellate jurisdiction did not justify disturbance of the order, so the relief from confiscation stood and the enhanced penalty remained undisturbed. en-us Mon, 22 Jan 1996 00:00:00 +0530 Mon, 20 Feb 2012 14:22:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103046 Under section 54 of the Foreign Exchange Regulation Act, 1973, the High Court will not interfere with a discretionary appellate order on confiscation unless a jurisdictional error is shown. The Appellate Board's decision to set aside confiscation of currency while substantially enhancing the penalty was treated as a factual and discretionary determination within its competence. The respondent's statement, surrounding circumstances and subsequent conduct were accepted as sufficient to sustain the finding of contravention, and the cited confiscation precedent was distinguished on its facts. On that basis, the limited appellate jurisdiction did not justify disturbance of the order, so the relief from confiscation stood and the enhanced penalty remained undisturbed. Case-Laws Companies Law Mon, 22 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103046