https://www.taxtmi.com/caselaws?id=126139 The Tribunal upheld the confiscation of Indian currency but allowed redemption on payment of a fine of Rs. 1.50 lakhs, reducing the penalty imposed on the appellant to Rs. 50,000. The appellant's argument for redemption was accepted based on lack of mala fide intention, supported by evidence from her father and jeweler confirming the source of the money. Despite the rejection of the appeal, the Tribunal modified the order to permit redemption, citing precedent decisions. en-us Thu, 02 Apr 2009 00:00:00 +0530 Fri, 02 Nov 2012 16:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126139 The Tribunal upheld the confiscation of Indian currency but allowed redemption on payment of a fine of Rs. 1.50 lakhs, reducing the penalty imposed on the appellant to Rs. 50,000. The appellant's argument for redemption was accepted based on lack of mala fide intention, supported by evidence from her father and jeweler confirming the source of the money. Despite the rejection of the appeal, the Tribunal modified the order to permit redemption, citing precedent decisions. Case-Laws Customs Thu, 02 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126139