https://www.taxtmi.com/caselaws?id=112718 Indian currency notes of denomination above the prescribed limit, brought from Nepal into India in breach of the foreign exchange prohibition, were treated as liable to confiscation under Customs law. The stated rationale is that violation of the notification issued under the Foreign Exchange Regulation Act, 1973 made the currency prohibited goods for customs purposes, so confiscation was upheld. Penalty against Shri Ramji Singh was not sustained because the record contained no material linking him to the prohibited import or showing his participation in the contravention, and that penalty was set aside. en-us Tue, 12 Aug 2003 00:00:00 +0530 Tue, 01 May 2012 14:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112718 Indian currency notes of denomination above the prescribed limit, brought from Nepal into India in breach of the foreign exchange prohibition, were treated as liable to confiscation under Customs law. The stated rationale is that violation of the notification issued under the Foreign Exchange Regulation Act, 1973 made the currency prohibited goods for customs purposes, so confiscation was upheld. Penalty against Shri Ramji Singh was not sustained because the record contained no material linking him to the prohibited import or showing his participation in the contravention, and that penalty was set aside. Case-Laws Customs Tue, 12 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112718