https://www.taxtmi.com/caselaws?id=785606 The text examines whether Customs Act powers could be invoked to confiscate foreign currency embedded in travel cards, concluding that statutory empowerment arises only from deeming prohibitions in foreign exchange legislation and not from the Customs Act alone. It explains that historical deeming provisions enabled Customs action, but FEMA did not carry forward analogous deeming; consequently Customs officers lacked competence to enforce RBI instructions or to treat travel cards as subject to Customs prohibitions. Reliance on section 113(d) and consequential penalties under section 114 of the Customs Act is characterised as extra-legal where no cross-statute prohibition exists, and confiscation and penalties were set aside. en-us Wed, 21 Jan 2026 00:00:00 +0530 Wed, 28 Jan 2026 07:26:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785606 The text examines whether Customs Act powers could be invoked to confiscate foreign currency embedded in travel cards, concluding that statutory empowerment arises only from deeming prohibitions in foreign exchange legislation and not from the Customs Act alone. It explains that historical deeming provisions enabled Customs action, but FEMA did not carry forward analogous deeming; consequently Customs officers lacked competence to enforce RBI instructions or to treat travel cards as subject to Customs prohibitions. Reliance on section 113(d) and consequential penalties under section 114 of the Customs Act is characterised as extra-legal where no cross-statute prohibition exists, and confiscation and penalties were set aside. Case-Laws Customs Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785606