https://www.taxtmi.com/caselaws?id=40997 Foreign exchange carried by a transit passenger through India is treated as imported into India under the Foreign Exchange Regulation Act, 1973, even if kept on a conveyance and intended to be taken out. Taking that currency out of India without permission constitutes prohibited export under the Act. On that basis, the attempted export attracts customs consequences, including confiscation under section 113(d) of the Customs Act, 1962, and the imposition of penalty. The stated legal position is that transit movement does not avoid the statutory prohibition on undeclared foreign exchange movement through India. en-us Mon, 03 Mar 1980 00:00:00 +0530 Wed, 19 May 2010 16:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40997 Foreign exchange carried by a transit passenger through India is treated as imported into India under the Foreign Exchange Regulation Act, 1973, even if kept on a conveyance and intended to be taken out. Taking that currency out of India without permission constitutes prohibited export under the Act. On that basis, the attempted export attracts customs consequences, including confiscation under section 113(d) of the Customs Act, 1962, and the imposition of penalty. The stated legal position is that transit movement does not avoid the statutory prohibition on undeclared foreign exchange movement through India. Case-Laws Customs Mon, 03 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40997