https://www.taxtmi.com/caselaws?id=10057 Where seized currency was found during police investigation to be linked to a suspected foreign exchange contravention, the Magistrate could properly decline interim release to the person from whom it was seized. The Foreign Exchange Management Act contemplates investigation by enforcement officers and separate adjudication by the competent adjudicating authority, rather than return of the property by the criminal court at that stage. On that basis, transfer of custody of the seized money to the Enforcement Directorate for further lawful action was upheld, and the request for release of part of the amount was rejected. en-us Mon, 08 Dec 2003 00:00:00 +0530 Mon, 06 Jul 2009 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10057 Where seized currency was found during police investigation to be linked to a suspected foreign exchange contravention, the Magistrate could properly decline interim release to the person from whom it was seized. The Foreign Exchange Management Act contemplates investigation by enforcement officers and separate adjudication by the competent adjudicating authority, rather than return of the property by the criminal court at that stage. On that basis, transfer of custody of the seized money to the Enforcement Directorate for further lawful action was upheld, and the request for release of part of the amount was rejected. Case-Laws Income Tax Mon, 08 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10057