https://www.taxtmi.com/caselaws?id=153790 The Tribunal set aside the confiscation and penalty imposed on gold belonging to Appellant No. 1, ruling it was not confiscable under Section 111(d) of the Customs Act. The foreign currency confiscated from Appellant No. 2 was found to be legally obtained and unrelated to the gold case, leading to the confiscation order being set aside. The Tribunal differentiated between the two cases and remanded the foreign currency case for fresh consideration, emphasizing the legal importation of foreign currency below a certain limit without declaration. The appeals were disposed of on 29-1-2010. en-us Fri, 29 Jan 2010 00:00:00 +0530 Tue, 30 Jul 2013 16:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153790 The Tribunal set aside the confiscation and penalty imposed on gold belonging to Appellant No. 1, ruling it was not confiscable under Section 111(d) of the Customs Act. The foreign currency confiscated from Appellant No. 2 was found to be legally obtained and unrelated to the gold case, leading to the confiscation order being set aside. The Tribunal differentiated between the two cases and remanded the foreign currency case for fresh consideration, emphasizing the legal importation of foreign currency below a certain limit without declaration. The appeals were disposed of on 29-1-2010. Case-Laws Customs Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153790