https://www.taxtmi.com/caselaws?id=128280 The court upheld the confiscation of Rs. 2,90,000, deemed as the sale proceeds of goats in Nepal, and the penalty imposed on the owner of the currency. The judge found the importation of currency to be in violation of FERA Regulations and Customs Act provisions. However, redemption of the confiscated currency was allowed upon payment of a fine of Rs. 50,000, with the penalty reduced to Rs. 10,000. The balance was to be returned to the appellant, concluding the case. en-us Wed, 29 Jul 2009 00:00:00 +0530 Sat, 30 Mar 2013 17:19:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128280 The court upheld the confiscation of Rs. 2,90,000, deemed as the sale proceeds of goats in Nepal, and the penalty imposed on the owner of the currency. The judge found the importation of currency to be in violation of FERA Regulations and Customs Act provisions. However, redemption of the confiscated currency was allowed upon payment of a fine of Rs. 50,000, with the penalty reduced to Rs. 10,000. The balance was to be returned to the appellant, concluding the case. Case-Laws Customs Wed, 29 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128280