https://www.taxtmi.com/caselaws?id=387821 The tribunal concluded that the appellant's actions constituted an attempt to export Indian currency under Section 113(d) of the Customs Act, 1962. The penalty imposed on the appellant was reduced from Rs. 45.00 lakhs to Rs. 5.00 lakhs due to mitigating circumstances. However, the penalty on the co-appellant was set aside as she was not directly involved in the offense. The distinction between 'preparation' and 'attempt' to export currency was clarified, with the tribunal determining that the appellant's actions amounted to an attempt. The appeal by the appellants resulted in the reduction of penalties and setting aside of one penalty. en-us Fri, 27 Sep 2019 00:00:00 +0530 Mon, 02 Mar 2020 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387821 The tribunal concluded that the appellant's actions constituted an attempt to export Indian currency under Section 113(d) of the Customs Act, 1962. The penalty imposed on the appellant was reduced from Rs. 45.00 lakhs to Rs. 5.00 lakhs due to mitigating circumstances. However, the penalty on the co-appellant was set aside as she was not directly involved in the offense. The distinction between 'preparation' and 'attempt' to export currency was clarified, with the tribunal determining that the appellant's actions amounted to an attempt. The appeal by the appellants resulted in the reduction of penalties and setting aside of one penalty. Case-Laws Customs Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387821