https://www.taxtmi.com/caselaws?id=448341 Delhi HC directed customs authorities to release remaining foreign currency to petitioner after deducting redemption fine and penalty from seized amount. Court held that under Section 125 of Customs Act, when currency is already with department and adjudication order clearly directs realization of fine from seized amount, no separate option period is required for payment. Respondent ordered to release balance amount of Rs. 7,87,950/- within two weeks after adjusting Rs. 5,20,000/- towards fine and penalty from total seized amount of Rs. 13,07,950/-. en-us Mon, 15 Jan 2024 00:00:00 +0530 Fri, 16 Aug 2024 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448341 Delhi HC directed customs authorities to release remaining foreign currency to petitioner after deducting redemption fine and penalty from seized amount. Court held that under Section 125 of Customs Act, when currency is already with department and adjudication order clearly directs realization of fine from seized amount, no separate option period is required for payment. Respondent ordered to release balance amount of Rs. 7,87,950/- within two weeks after adjusting Rs. 5,20,000/- towards fine and penalty from total seized amount of Rs. 13,07,950/-. Case-Laws Customs Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448341