https://www.taxtmi.com/caselaws?id=111656 The Tribunal upheld the Commissioner's decision in a case involving interception of foreign and Indian currency. The appellant's retracted confessional statement, lack of corroborative evidence, and failure to establish legal procurement of foreign currency led to the dismissal of the appeal. The Commissioner emphasized the need for proper investigation, corroborative evidence, and adherence to relevant regulations. Another party's appeal was also dismissed for lack of standing. The judgment highlighted the importance of thorough investigation and compliance with regulations in cases of intercepted currency and confiscation. en-us Mon, 22 Mar 2004 00:00:00 +0530 Tue, 24 Apr 2012 15:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111656 The Tribunal upheld the Commissioner's decision in a case involving interception of foreign and Indian currency. The appellant's retracted confessional statement, lack of corroborative evidence, and failure to establish legal procurement of foreign currency led to the dismissal of the appeal. The Commissioner emphasized the need for proper investigation, corroborative evidence, and adherence to relevant regulations. Another party's appeal was also dismissed for lack of standing. The judgment highlighted the importance of thorough investigation and compliance with regulations in cases of intercepted currency and confiscation. Case-Laws Central Excise Mon, 22 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111656