https://www.taxtmi.com/highlights?id=80113 Appellate Tribunal set aside penalties imposed on licensed money exchanger for alleged illegal export of currency and import of gold. Observed no evidence of illegal exports/imports or violation of Customs Act. Held exchanging currency without invoice, though violating license conditions, cannot be termed illegal export/import. Penalties wrongly imposed under Customs Act Sections 114, 114AA, 117 and FEMA Act Section 13 without mentioning reasons. Appeal allowed. en-us Mon, 05 Aug 2024 07:05:06 +0530 Mon, 05 Aug 2024 07:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80113 Appellate Tribunal set aside penalties imposed on licensed money exchanger for alleged illegal export of currency and import of gold. Observed no evidence of illegal exports/imports or violation of Customs Act. Held exchanging currency without invoice, though violating license conditions, cannot be termed illegal export/import. Penalties wrongly imposed under Customs Act Sections 114, 114AA, 117 and FEMA Act Section 13 without mentioning reasons. Appeal allowed. Highlights Customs Mon, 05 Aug 2024 07:05:06 +0530 https://www.taxtmi.com/highlights?id=80113