https://www.taxtmi.com/caselaws?id=50097 Indian currency covered by seized demand drafts was liable to confiscation under section 121 of the Customs Act because the evidence established it as sale proceeds of foreign currency moved through a smuggling and hawala chain; the confiscation was therefore upheld. The appellants, however, were entitled to return of the US dollar amount they had sold, because the foreign currency was not shown to be tainted and there was no finding that they knew or had reason to believe their sale was part of an unlawful operation. The appeal succeeded only to that extent. en-us Mon, 20 Nov 2000 00:00:00 +0530 Thu, 19 Aug 2010 17:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50097 Indian currency covered by seized demand drafts was liable to confiscation under section 121 of the Customs Act because the evidence established it as sale proceeds of foreign currency moved through a smuggling and hawala chain; the confiscation was therefore upheld. The appellants, however, were entitled to return of the US dollar amount they had sold, because the foreign currency was not shown to be tainted and there was no finding that they knew or had reason to believe their sale was part of an unlawful operation. The appeal succeeded only to that extent. Case-Laws Customs Mon, 20 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50097