https://www.taxtmi.com/caselaws?id=110928 The Tribunal upheld the confiscation of a vessel used in smuggling, citing Section 115(2) of the Customs Act, 1962. Even though the owner claimed innocence, the Tribunal ruled that if the person-in-charge had knowledge of the smuggling, confiscation is justified. Additionally, the Tribunal found the redemption fine of Rs. 5 lakhs reasonable, considering the vessel's value and the amount of smuggled currency. The appeal was dismissed, affirming the decision on both the confiscation and the redemption fine. en-us Thu, 19 Feb 2004 00:00:00 +0530 Thu, 19 Apr 2012 12:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110928 The Tribunal upheld the confiscation of a vessel used in smuggling, citing Section 115(2) of the Customs Act, 1962. Even though the owner claimed innocence, the Tribunal ruled that if the person-in-charge had knowledge of the smuggling, confiscation is justified. Additionally, the Tribunal found the redemption fine of Rs. 5 lakhs reasonable, considering the vessel's value and the amount of smuggled currency. The appeal was dismissed, affirming the decision on both the confiscation and the redemption fine. Case-Laws Customs Thu, 19 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110928