https://www.taxtmi.com/caselaws?id=328554 The bail application under Section 135 of the Customs Act, 1962, related to the possession of foreign currency was denied. The court found that the applicant lacked authorization for handling foreign currencies, which were considered prohibited goods. The severity of the offence and potential economic implications led to the rejection of bail. The decision was based on prima facie observations and would not affect the trial proceedings, which would proceed independently based on trial evidence. en-us Wed, 01 Jun 2016 00:00:00 +0530 Sat, 12 Nov 2016 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328554 The bail application under Section 135 of the Customs Act, 1962, related to the possession of foreign currency was denied. The court found that the applicant lacked authorization for handling foreign currencies, which were considered prohibited goods. The severity of the offence and potential economic implications led to the rejection of bail. The decision was based on prima facie observations and would not affect the trial proceedings, which would proceed independently based on trial evidence. Case-Laws Customs Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328554