https://www.taxtmi.com/caselaws?id=179991 The Supreme Court upheld the revisionary jurisdiction's decision under Section 129DD of the Customs Act, 1962, opting for redemption fine and penalty over absolute confiscation of foreign currency. The Court found no grounds for interference, emphasizing the importance of transparency in legal proceedings and dismissing the writ petition due to deliberate non-disclosure of facts by the respondent. The impugned order was upheld, and the directive to release the bank guarantee within six weeks was issued. en-us Thu, 25 Mar 2004 00:00:00 +0530 Sat, 07 May 2016 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179991 The Supreme Court upheld the revisionary jurisdiction's decision under Section 129DD of the Customs Act, 1962, opting for redemption fine and penalty over absolute confiscation of foreign currency. The Court found no grounds for interference, emphasizing the importance of transparency in legal proceedings and dismissing the writ petition due to deliberate non-disclosure of facts by the respondent. The impugned order was upheld, and the directive to release the bank guarantee within six weeks was issued. Case-Laws Customs Thu, 25 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179991