https://www.taxtmi.com/caselaws?id=414507 Gold smuggling through diplomatic baggage was assessed under the Unlawful Activities (Prevention) Act, 1967 to determine whether it amounted to a terrorist act and attracted the bail embargo in Section 43D(5). Applying strict construction of penal statutes, together with ejusdem generis and noscitur a sociis, the Court read the "economic security" limb as confined to counterfeiting of high-quality currency notes, coins, or related material. Ordinary gold smuggling, even on a repeated or large-scale basis, was held not to satisfy that definition absent prima facie material showing terrorist activity or use of proceeds for terrorist purposes. The embargo did not apply and bail was maintainable. en-us Tue, 02 Nov 2021 00:00:00 +0530 Wed, 10 Nov 2021 07:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414507 Gold smuggling through diplomatic baggage was assessed under the Unlawful Activities (Prevention) Act, 1967 to determine whether it amounted to a terrorist act and attracted the bail embargo in Section 43D(5). Applying strict construction of penal statutes, together with ejusdem generis and noscitur a sociis, the Court read the "economic security" limb as confined to counterfeiting of high-quality currency notes, coins, or related material. Ordinary gold smuggling, even on a repeated or large-scale basis, was held not to satisfy that definition absent prima facie material showing terrorist activity or use of proceeds for terrorist purposes. The embargo did not apply and bail was maintainable. Case-Laws Customs Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414507