https://www.taxtmi.com/caselaws?id=193210 An admitted attempt to smuggle foreign currency out of India justified absolute confiscation of the currencies recovered from the appellant's baggage and hotel flush tank. The recorded statements showed that the currency belonged to the appellant and was intended for export, making confiscation sustainable. The penalty was also upheld in principle, but it was found excessive on the facts and reduced to Rs. 5 lakhs. The appeal was therefore only partly allowed, with confiscation maintained and the penalty modified downward. en-us Mon, 18 Oct 2010 00:00:00 +0530 Tue, 18 Jul 2017 15:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193210 An admitted attempt to smuggle foreign currency out of India justified absolute confiscation of the currencies recovered from the appellant's baggage and hotel flush tank. The recorded statements showed that the currency belonged to the appellant and was intended for export, making confiscation sustainable. The penalty was also upheld in principle, but it was found excessive on the facts and reduced to Rs. 5 lakhs. The appeal was therefore only partly allowed, with confiscation maintained and the penalty modified downward. Case-Laws Customs Mon, 18 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193210