https://www.taxtmi.com/caselaws?id=187366 In cases of seizure and confiscation of foreign currency for non-declaration, the Tribunal found the original redemption fine and penalty excessive in light of comparable matters and the value involved, and reduced both amounts. Because the currency had already been sold and the proceeds realised in Indian currency, it directed return of the balance sale proceeds after deducting the revised fine and penalty. en-us Mon, 30 Mar 2009 00:00:00 +0530 Wed, 19 Oct 2016 15:52:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187366 In cases of seizure and confiscation of foreign currency for non-declaration, the Tribunal found the original redemption fine and penalty excessive in light of comparable matters and the value involved, and reduced both amounts. Because the currency had already been sold and the proceeds realised in Indian currency, it directed return of the balance sale proceeds after deducting the revised fine and penalty. Case-Laws Customs Mon, 30 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187366