https://www.taxtmi.com/caselaws?id=114781 The Tribunal upheld the Commissioner of Customs' orders confiscating pay orders under Section 121 of the Customs Act, emphasizing that the banks or depositors were the rightful claimants over the seized currency, not the appellants. The appellants' claim of ownership over the currency was rejected as the pay orders were in the banks' possession. Due to conflicting decisions on the confiscation of pay orders obtained through proceeds of smuggled goods, the Tribunal recommended a Larger Bench to determine the correct legal position, aiming to clarify the liability for confiscation and the appellants' rightful claim over the amounts. en-us Wed, 29 Dec 2004 00:00:00 +0530 Mon, 21 May 2012 10:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114781 The Tribunal upheld the Commissioner of Customs' orders confiscating pay orders under Section 121 of the Customs Act, emphasizing that the banks or depositors were the rightful claimants over the seized currency, not the appellants. The appellants' claim of ownership over the currency was rejected as the pay orders were in the banks' possession. Due to conflicting decisions on the confiscation of pay orders obtained through proceeds of smuggled goods, the Tribunal recommended a Larger Bench to determine the correct legal position, aiming to clarify the liability for confiscation and the appellants' rightful claim over the amounts. Case-Laws Customs Wed, 29 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114781