https://www.taxtmi.com/caselaws?id=1377 Indian currency carried while travelling to Bhutan was treated as not permitted to be taken out of India, but the explanation for possession was accepted as satisfactory and lenient consideration was extended in respect of confiscation. The currency was therefore allowed to be redeemed on payment of redemption fine. At the same time, violation of FEMA provisions was found to be established, and the penalty was regarded as only token in nature, so the penalty was left undisturbed. en-us Tue, 20 Feb 2007 00:00:00 +0530 Mon, 14 Apr 2008 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1377 Indian currency carried while travelling to Bhutan was treated as not permitted to be taken out of India, but the explanation for possession was accepted as satisfactory and lenient consideration was extended in respect of confiscation. The currency was therefore allowed to be redeemed on payment of redemption fine. At the same time, violation of FEMA provisions was found to be established, and the penalty was regarded as only token in nature, so the penalty was left undisturbed. Case-Laws Customs Tue, 20 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1377