https://www.taxtmi.com/caselaws?id=207737 The High Court upheld the tribunal's decision in a case involving the relaxation of statutory prohibitions on the import of Indian currency and release of confiscated goods. The Court found that the tribunal had the authority to exercise discretionary power under Section 125 of the Customs Act to reduce fines and penalties imposed on the non-resident traveler. It was determined that the tribunal's actions were justified and in line with the statutory provisions, leading to the dismissal of the Revenue's appeal. en-us Wed, 16 Mar 2011 00:00:00 +0530 Fri, 19 Aug 2011 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207737 The High Court upheld the tribunal's decision in a case involving the relaxation of statutory prohibitions on the import of Indian currency and release of confiscated goods. The Court found that the tribunal had the authority to exercise discretionary power under Section 125 of the Customs Act to reduce fines and penalties imposed on the non-resident traveler. It was determined that the tribunal's actions were justified and in line with the statutory provisions, leading to the dismissal of the Revenue's appeal. Case-Laws Customs Wed, 16 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207737