https://www.taxtmi.com/caselaws?id=336251 The Tribunal ruled in favor of the appellant, overturning the absolute confiscation of Indian currency and the penalty imposition under the Customs Act 1962. The decision was based on the lack of evidence supporting the allegations and the failure to adhere to legal requirements outlined in the show cause notice. The appellant's ownership claim was supported by statements and documents, and there was no evidence of attempted exportation or document forgery. The Tribunal found the penalty imposition unjustified and set aside both the confiscation and penalty. en-us Tue, 09 Aug 2016 00:00:00 +0530 Wed, 31 Jan 2018 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336251 The Tribunal ruled in favor of the appellant, overturning the absolute confiscation of Indian currency and the penalty imposition under the Customs Act 1962. The decision was based on the lack of evidence supporting the allegations and the failure to adhere to legal requirements outlined in the show cause notice. The appellant's ownership claim was supported by statements and documents, and there was no evidence of attempted exportation or document forgery. The Tribunal found the penalty imposition unjustified and set aside both the confiscation and penalty. Case-Laws Customs Tue, 09 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336251