https://www.taxtmi.com/caselaws?id=241375 Indian currency sought to be exported beyond the RBI-permitted limit without prior permission was treated as prohibited goods under the Customs Act and liable to confiscation under Sections 113(d) and 113(e), with absolute confiscation available under Section 125(1). The article also notes that while the illegal export attempt justified penalty, the penalty was found excessive on the facts and was reduced substantially. The currency confiscation was sustained, but the monetary penalty was moderated in favour of the appellant. en-us Wed, 22 Feb 2012 00:00:00 +0530 Mon, 23 Dec 2013 10:04:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241375 Indian currency sought to be exported beyond the RBI-permitted limit without prior permission was treated as prohibited goods under the Customs Act and liable to confiscation under Sections 113(d) and 113(e), with absolute confiscation available under Section 125(1). The article also notes that while the illegal export attempt justified penalty, the penalty was found excessive on the facts and was reduced substantially. The currency confiscation was sustained, but the monetary penalty was moderated in favour of the appellant. Case-Laws Customs Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241375