https://www.taxtmi.com/caselaws?id=404167 The High Court allowed the Civil Miscellaneous Appeal filed by the Department, setting aside the Tribunal's order permitting redemption of confiscated goods. The Court ruled in favor of the Department, justifying the absolute confiscation of foreign currency due to violations of Foreign Exchange Management Regulations and Customs Act provisions. The decision emphasized the importance of compliance with regulations and proper permissions for currency transactions, correcting the Tribunal's misinterpretation of the Foreign Exchange Management Rules. en-us Thu, 04 Feb 2021 00:00:00 +0530 Wed, 28 Jul 2021 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404167 The High Court allowed the Civil Miscellaneous Appeal filed by the Department, setting aside the Tribunal's order permitting redemption of confiscated goods. The Court ruled in favor of the Department, justifying the absolute confiscation of foreign currency due to violations of Foreign Exchange Management Regulations and Customs Act provisions. The decision emphasized the importance of compliance with regulations and proper permissions for currency transactions, correcting the Tribunal's misinterpretation of the Foreign Exchange Management Rules. Case-Laws Customs Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404167