https://www.taxtmi.com/caselaws?id=49024 The Tribunal upheld the confiscation of currency seized by Revenue, ruling that the money, despite internal bank transfers, still represented sale proceeds of smuggled currency justifying its confiscation under Section 121 of the Customs Act, 1962. The Tribunal distinguished a Supreme Court decision, stating that the pay orders could not be honored as the money had been seized by Revenue, allowing the appellants to pursue legal action against the initial depositors. The case was remanded for further proceedings based on the Tribunal's findings. en-us Fri, 12 Aug 2005 00:00:00 +0530 Mon, 09 Aug 2010 11:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49024 The Tribunal upheld the confiscation of currency seized by Revenue, ruling that the money, despite internal bank transfers, still represented sale proceeds of smuggled currency justifying its confiscation under Section 121 of the Customs Act, 1962. The Tribunal distinguished a Supreme Court decision, stating that the pay orders could not be honored as the money had been seized by Revenue, allowing the appellants to pursue legal action against the initial depositors. The case was remanded for further proceedings based on the Tribunal's findings. Case-Laws Customs Fri, 12 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49024