https://www.taxtmi.com/caselaws?id=120922 Foreign currency brought into India without declaration was treated as liable to confiscation because the import regulations required declaration to Customs and the amount exceeded the permitted ceiling. Gold bars were also held liable to confiscation where they were attempted to be cleared without declaration, no lawful acquisition was shown, and the conduct indicated participation in smuggling. On redemption, section 125 was applied to hold that absolute confiscation was not compulsory on the facts found, so denial of any redemption option was unsustainable. The penalty was likewise found excessive and required reconsideration after hearing the appellant, with the matter remitted for determination of redemption fine and reasonable penalty. en-us Mon, 22 Jan 2007 00:00:00 +0530 Wed, 25 Jul 2012 14:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120922 Foreign currency brought into India without declaration was treated as liable to confiscation because the import regulations required declaration to Customs and the amount exceeded the permitted ceiling. Gold bars were also held liable to confiscation where they were attempted to be cleared without declaration, no lawful acquisition was shown, and the conduct indicated participation in smuggling. On redemption, section 125 was applied to hold that absolute confiscation was not compulsory on the facts found, so denial of any redemption option was unsustainable. The penalty was likewise found excessive and required reconsideration after hearing the appellant, with the matter remitted for determination of redemption fine and reasonable penalty. Case-Laws Customs Mon, 22 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120922