https://www.taxtmi.com/caselaws?id=257578 The Tribunal upheld the confiscation of undeclared foreign currency seized at the airport due to non-declaration and concealment, reducing the penalty back to the original amount of Rs. 25,000. The Tribunal clarified that the appellant's arguments regarding the declaration requirement were not applicable in this context, distinguishing the case from previous decisions where specific justifications for currency possession were provided. The penalty enhancement by the Commissioner was deemed unwarranted as only the appellant was challenging the decision, not the Revenue. en-us Mon, 28 Apr 2014 00:00:00 +0530 Mon, 16 Mar 2015 10:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257578 The Tribunal upheld the confiscation of undeclared foreign currency seized at the airport due to non-declaration and concealment, reducing the penalty back to the original amount of Rs. 25,000. The Tribunal clarified that the appellant's arguments regarding the declaration requirement were not applicable in this context, distinguishing the case from previous decisions where specific justifications for currency possession were provided. The penalty enhancement by the Commissioner was deemed unwarranted as only the appellant was challenging the decision, not the Revenue. Case-Laws Customs Mon, 28 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257578