https://www.taxtmi.com/caselaws?id=121749 The Tribunal allowed the appeal, directing Customs authorities to promptly return the confiscated currency exceeding permissible limits under Foreign Exchange Management Regulations to the appellant or their authorized representative. The Tribunal found the rejection of the refund claim for the redemption fine unjust, emphasizing the lack of a specified time limit for redemption in the original confiscation order. It held that the failure to adjust the fine from the confiscated currency and the subsequent denial of return constituted de facto absolute confiscation, contrary to the Commissioner's decision. en-us Thu, 24 May 2007 00:00:00 +0530 Mon, 06 Aug 2012 10:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121749 The Tribunal allowed the appeal, directing Customs authorities to promptly return the confiscated currency exceeding permissible limits under Foreign Exchange Management Regulations to the appellant or their authorized representative. The Tribunal found the rejection of the refund claim for the redemption fine unjust, emphasizing the lack of a specified time limit for redemption in the original confiscation order. It held that the failure to adjust the fine from the confiscated currency and the subsequent denial of return constituted de facto absolute confiscation, contrary to the Commissioner's decision. Case-Laws Customs Thu, 24 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121749