https://www.taxtmi.com/caselaws?id=426317 The Tribunal partially allowed the appeal, permitting redemption of the confiscated currency upon payment of a fine and reducing the penalty imposed under Section 114 of the Customs Act, 1962. The appellant's attempt to export currency beyond the permissible limit was deemed a violation justifying confiscation, despite the appellant's claim of legal procurement and lack of awareness of export regulations. The Tribunal emphasized the importance of proportionate punishment and exercised discretion in allowing redemption of the currency on payment of a suitable fine. en-us Wed, 10 Aug 2022 00:00:00 +0530 Sat, 13 Aug 2022 08:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426317 The Tribunal partially allowed the appeal, permitting redemption of the confiscated currency upon payment of a fine and reducing the penalty imposed under Section 114 of the Customs Act, 1962. The appellant's attempt to export currency beyond the permissible limit was deemed a violation justifying confiscation, despite the appellant's claim of legal procurement and lack of awareness of export regulations. The Tribunal emphasized the importance of proportionate punishment and exercised discretion in allowing redemption of the currency on payment of a suitable fine. Case-Laws Customs Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426317