https://www.taxtmi.com/caselaws?id=51325 The Tribunal partially allowed Appeal No. C/337/2000-Mum., reducing the fine and setting aside the penalty imposed on Philip Fernandes. The confiscation of foreign currencies was upheld, but Philip Fernandes was allowed to redeem them by depositing in his NRE bank account on payment of a reduced fine. The Tribunal dismissed the Revenue's appeals for absolute confiscation and penal action, citing lack of special circumstances. Additionally, the penal proceedings against Nilesh Popat and Praveenbhai Kheni were dropped due to insufficient evidence of conspiracy to smuggle foreign currency. en-us Tue, 16 Jul 2002 00:00:00 +0530 Fri, 24 Sep 2010 10:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51325 The Tribunal partially allowed Appeal No. C/337/2000-Mum., reducing the fine and setting aside the penalty imposed on Philip Fernandes. The confiscation of foreign currencies was upheld, but Philip Fernandes was allowed to redeem them by depositing in his NRE bank account on payment of a reduced fine. The Tribunal dismissed the Revenue's appeals for absolute confiscation and penal action, citing lack of special circumstances. Additionally, the penal proceedings against Nilesh Popat and Praveenbhai Kheni were dropped due to insufficient evidence of conspiracy to smuggle foreign currency. Case-Laws Customs Tue, 16 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51325