https://www.taxtmi.com/caselaws?id=51372 The Tribunal allowed both appeals, setting aside the confiscation order of currency under Section 121 of the Act for lack of evidence linking it to smuggling activities. Additionally, the imposition of a penalty under Section 112 was overturned as there was no concrete evidence connecting the currency to smuggled goods. The judgment emphasizes the necessity of establishing a direct link between seized currency and smuggling activities for confiscation under Section 121, and the specific criteria for imposing penalties under Section 112 of the Act. en-us Wed, 30 Jan 2002 00:00:00 +0530 Fri, 24 Sep 2010 13:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51372 The Tribunal allowed both appeals, setting aside the confiscation order of currency under Section 121 of the Act for lack of evidence linking it to smuggling activities. Additionally, the imposition of a penalty under Section 112 was overturned as there was no concrete evidence connecting the currency to smuggled goods. The judgment emphasizes the necessity of establishing a direct link between seized currency and smuggling activities for confiscation under Section 121, and the specific criteria for imposing penalties under Section 112 of the Act. Case-Laws Customs Wed, 30 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51372