https://www.taxtmi.com/caselaws?id=105871 Foreign currency lawfully acquired in substantial part remained liable to confiscation where it was handed over at an airport and carried by another person, constituting a technical breach of Customs law and the Foreign Exchange Regulation Act, 1973. The manner of carriage did not establish deliberate concealment or an intention to illicitly export the currency, but did not negate confiscability. Redemption fine and penalties were reduced because the contravention was technical and the currency was largely lawfully acquired. The director's penalty was set aside for want of a separate role, while reduced penalties remained for the company and carrier. en-us Mon, 11 Jan 1999 00:00:00 +0530 Sat, 10 Mar 2012 12:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105871 Foreign currency lawfully acquired in substantial part remained liable to confiscation where it was handed over at an airport and carried by another person, constituting a technical breach of Customs law and the Foreign Exchange Regulation Act, 1973. The manner of carriage did not establish deliberate concealment or an intention to illicitly export the currency, but did not negate confiscability. Redemption fine and penalties were reduced because the contravention was technical and the currency was largely lawfully acquired. The director's penalty was set aside for want of a separate role, while reduced penalties remained for the company and carrier. Case-Laws Customs Mon, 11 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105871