https://www.taxtmi.com/caselaws?id=349067 The Tribunal upheld the confiscation of Indian and foreign currencies seized from the appellant for carrying them outside India. Despite arguments for redemption under Section 125 of the Customs Act, citing precedents, the Tribunal found the appellant's defense weak due to lack of justification for possessing and transporting large amounts of cash abroad for business purposes. The confiscation was deemed legal and correct as carrying such significant cash amounts outside the country was considered unjustifiable, leading to the rejection of the appeal for redemption. en-us Tue, 05 Sep 2017 00:00:00 +0530 Fri, 06 Oct 2017 06:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349067 The Tribunal upheld the confiscation of Indian and foreign currencies seized from the appellant for carrying them outside India. Despite arguments for redemption under Section 125 of the Customs Act, citing precedents, the Tribunal found the appellant's defense weak due to lack of justification for possessing and transporting large amounts of cash abroad for business purposes. The confiscation was deemed legal and correct as carrying such significant cash amounts outside the country was considered unjustifiable, leading to the rejection of the appeal for redemption. Case-Laws Customs Tue, 05 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349067