https://www.taxtmi.com/caselaws?id=2839 The appellate tribunal allowed the appeal by remanding the case, granting the appellant the opportunity to redeem the confiscated currencies upon payment of a fine. The tribunal upheld the confiscation based on concealment but acknowledged the right to redemption, citing previous cases allowing redemption of seized currencies on payment of fines. The matter was remanded for reassessment of contraventions and determination of a fresh penalty amount, in line with legal precedents and foreign exchange regulations. en-us Thu, 19 Apr 2007 00:00:00 +0530 Wed, 16 Apr 2008 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2839 The appellate tribunal allowed the appeal by remanding the case, granting the appellant the opportunity to redeem the confiscated currencies upon payment of a fine. The tribunal upheld the confiscation based on concealment but acknowledged the right to redemption, citing previous cases allowing redemption of seized currencies on payment of fines. The matter was remanded for reassessment of contraventions and determination of a fresh penalty amount, in line with legal precedents and foreign exchange regulations. Case-Laws Customs Thu, 19 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2839