https://www.taxtmi.com/caselaws?id=231292 The court ruled in favor of the appellants, finding that the amounts represented by the pay orders were legitimate sale proceeds of foreign currency and not proceeds of smuggled goods. The court held that the appellants had the right to claim the amounts under the pay orders, as they were received in the ordinary course of business without knowledge of any smuggling activities. The court directed the respondents to refund the amounts with interest and allowed the appeals with no order as to costs. en-us Fri, 30 Mar 2012 00:00:00 +0530 Thu, 25 Apr 2013 15:06:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=231292 The court ruled in favor of the appellants, finding that the amounts represented by the pay orders were legitimate sale proceeds of foreign currency and not proceeds of smuggled goods. The court held that the appellants had the right to claim the amounts under the pay orders, as they were received in the ordinary course of business without knowledge of any smuggling activities. The court directed the respondents to refund the amounts with interest and allowed the appeals with no order as to costs. Case-Laws Customs Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=231292