https://www.taxtmi.com/caselaws?id=202209 The High Court ruled in favor of the Revenue, setting aside the CESTAT's decision that had overturned the absolute confiscation of Indian Currency amounting to Rs. 2,27,100 under Section 121 of the Customs Act, 1962. The Court found that the Tribunal had erred in not considering the Respondent's initial statement as substantive evidence and in accepting the retraction without sufficient corroborative evidence. Consequently, the High Court allowed the appeal, reinstating the confiscation and penalties imposed by the Customs Authorities. en-us Wed, 08 Sep 2010 00:00:00 +0530 Mon, 28 Feb 2011 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202209 The High Court ruled in favor of the Revenue, setting aside the CESTAT's decision that had overturned the absolute confiscation of Indian Currency amounting to Rs. 2,27,100 under Section 121 of the Customs Act, 1962. The Court found that the Tribunal had erred in not considering the Respondent's initial statement as substantive evidence and in accepting the retraction without sufficient corroborative evidence. Consequently, the High Court allowed the appeal, reinstating the confiscation and penalties imposed by the Customs Authorities. Case-Laws Customs Wed, 08 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202209