https://www.taxtmi.com/caselaws?id=422557 Gold smuggling, without material showing an intention to threaten India's economic security, does not prima facie fall within Section 15(1)(a)(iiia) of the UAPA, which is directed at damage to monetary stability through counterfeit currency or similar mischief. The Court examined the statutory scheme and held that the provision was not meant to treat every smuggling activity as a terrorist act. As the record disclosed no prima facie material of a terrorist intention, and one appellant faced no recovery with his name emerging only later in investigation, the bail rejections could not be sustained. The appeals were allowed and bail was granted on stipulated terms. en-us Sat, 07 May 2022 00:00:00 +0530 Wed, 18 May 2022 08:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422557 Gold smuggling, without material showing an intention to threaten India's economic security, does not prima facie fall within Section 15(1)(a)(iiia) of the UAPA, which is directed at damage to monetary stability through counterfeit currency or similar mischief. The Court examined the statutory scheme and held that the provision was not meant to treat every smuggling activity as a terrorist act. As the record disclosed no prima facie material of a terrorist intention, and one appellant faced no recovery with his name emerging only later in investigation, the bail rejections could not be sustained. The appeals were allowed and bail was granted on stipulated terms. Case-Laws Customs Sat, 07 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422557