https://www.taxtmi.com/caselaws?id=333179 The Tribunal upheld the original authority's decision of absolute confiscation of Indian currency amounting to `34,50,000/- found concealed in the appellant's hand baggage under section 125 of the Customs Act, 1962. Lack of ownership was not the sole reason for denial of redemption, as exporting Indian currency is prohibited. The Tribunal deemed the exercise of discretion appropriate to prevent illegal activities, affirming the confiscation based on legal provisions and precedents. The appeal was dismissed, supporting the adjudicating authority's decision. en-us Mon, 18 Jan 2016 00:00:00 +0530 Thu, 17 Nov 2016 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333179 The Tribunal upheld the original authority's decision of absolute confiscation of Indian currency amounting to `34,50,000/- found concealed in the appellant's hand baggage under section 125 of the Customs Act, 1962. Lack of ownership was not the sole reason for denial of redemption, as exporting Indian currency is prohibited. The Tribunal deemed the exercise of discretion appropriate to prevent illegal activities, affirming the confiscation based on legal provisions and precedents. The appeal was dismissed, supporting the adjudicating authority's decision. Case-Laws Customs Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333179