https://www.taxtmi.com/caselaws?id=370191 The Government increased the redemption fine to Rs. 7 lakhs and the personal penalty to Rs. 5 lakhs for a respondent who illegally procured and attempted to export foreign currency. The Commissioner (Appeals) initially imposed lower fines, citing ignorance of the law and past cases. However, the Government intervened, emphasizing the seriousness of the offense and the need for deterrent penalties to uphold customs regulations effectively. The decision highlighted the importance of imposing suitable consequences to deter illegal activities and ensure compliance with customs laws. en-us Fri, 23 Mar 2018 00:00:00 +0530 Tue, 13 Nov 2018 07:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370191 The Government increased the redemption fine to Rs. 7 lakhs and the personal penalty to Rs. 5 lakhs for a respondent who illegally procured and attempted to export foreign currency. The Commissioner (Appeals) initially imposed lower fines, citing ignorance of the law and past cases. However, the Government intervened, emphasizing the seriousness of the offense and the need for deterrent penalties to uphold customs regulations effectively. The decision highlighted the importance of imposing suitable consequences to deter illegal activities and ensure compliance with customs laws. Case-Laws Customs Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370191