https://www.taxtmi.com/caselaws?id=51382 The Tribunal set aside the penalty imposed on two individuals under Section 114 of the Customs Act for smuggling foreign currency. The evidence did not establish the attempt to export the currency, and the distinction between preparation, intention, and attempt in exporting goods was discussed. The Tribunal found no grounds to uphold the penalty or confiscation under Section 113(d) of the Customs Act, leading to the decision to allow the appeals and overturn the penalties imposed on the individuals. en-us Mon, 13 May 2002 00:00:00 +0530 Fri, 24 Sep 2010 14:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51382 The Tribunal set aside the penalty imposed on two individuals under Section 114 of the Customs Act for smuggling foreign currency. The evidence did not establish the attempt to export the currency, and the distinction between preparation, intention, and attempt in exporting goods was discussed. The Tribunal found no grounds to uphold the penalty or confiscation under Section 113(d) of the Customs Act, leading to the decision to allow the appeals and overturn the penalties imposed on the individuals. Case-Laws Customs Mon, 13 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51382