https://www.taxtmi.com/caselaws?id=167517 The Tribunal set aside the order of confiscation and penalty imposition under Sections 113(d) and 113(h) of the Customs Act. It ruled that the bank draft was not considered export goods and did not meet the definition of foreign exchange, leading to the invalidity of the confiscation order. The Tribunal found that the appellant had legitimate intentions for the bank draft, intended for purchasing goods in Singapore, and dismissed allegations of illegal export. Consequently, the confiscation of the bank draft and the penalty imposition were deemed unwarranted, and the appeal was allowed in favor of the appellant. en-us Fri, 27 Apr 1984 00:00:00 +0530 Tue, 23 Dec 2014 10:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167517 The Tribunal set aside the order of confiscation and penalty imposition under Sections 113(d) and 113(h) of the Customs Act. It ruled that the bank draft was not considered export goods and did not meet the definition of foreign exchange, leading to the invalidity of the confiscation order. The Tribunal found that the appellant had legitimate intentions for the bank draft, intended for purchasing goods in Singapore, and dismissed allegations of illegal export. Consequently, the confiscation of the bank draft and the penalty imposition were deemed unwarranted, and the appeal was allowed in favor of the appellant. Case-Laws Central Excise Fri, 27 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167517