https://www.taxtmi.com/caselaws?id=245762 The court referred the case to a Larger Bench to resolve conflicting interpretations on absolute confiscation versus redemption of Indian currency smuggled outside India without RBI permission, exceeding Rs.5000. The appellant contested the seizure and penalty imposed for undeclared currency at the airport, citing a procedural lapse in a similar case where a reduction in penalty was granted. The judge deemed it necessary for clarity and consistency in such cases, directing the matter to the Hon'ble President for the formation of a Larger Bench to address the conflicting precedents and establish a uniform legal position. en-us Wed, 12 Feb 2014 00:00:00 +0530 Tue, 18 Nov 2014 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245762 The court referred the case to a Larger Bench to resolve conflicting interpretations on absolute confiscation versus redemption of Indian currency smuggled outside India without RBI permission, exceeding Rs.5000. The appellant contested the seizure and penalty imposed for undeclared currency at the airport, citing a procedural lapse in a similar case where a reduction in penalty was granted. The judge deemed it necessary for clarity and consistency in such cases, directing the matter to the Hon'ble President for the formation of a Larger Bench to address the conflicting precedents and establish a uniform legal position. Case-Laws Customs Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245762