https://www.taxtmi.com/caselaws?id=153995 The court upheld the rejection of the appellant's ownership claim of seized foreign currency, finding him guilty of abetment in the attempted illegal export of foreign currency. The penalty initially imposed on the appellant was reduced from Rs. 3 lakhs to Rs. 1,00,000 after review. The judges concluded that the appellant failed to provide substantial evidence to support his ownership claim, and his actions indicated complicity in the attempted illegal export. The penalty reduction was based on a consideration of all the facts and circumstances of the case. en-us Thu, 19 Nov 2009 00:00:00 +0530 Fri, 02 Aug 2013 17:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153995 The court upheld the rejection of the appellant's ownership claim of seized foreign currency, finding him guilty of abetment in the attempted illegal export of foreign currency. The penalty initially imposed on the appellant was reduced from Rs. 3 lakhs to Rs. 1,00,000 after review. The judges concluded that the appellant failed to provide substantial evidence to support his ownership claim, and his actions indicated complicity in the attempted illegal export. The penalty reduction was based on a consideration of all the facts and circumstances of the case. Case-Laws Customs Thu, 19 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153995