https://www.taxtmi.com/caselaws?id=52438 The appellant was found in possession of Indian Currency exceeding the permissible limit for export, justifying confiscation under the Customs Act, 1962. The excess amount was considered prohibited goods, leading to absolute confiscation. The penalty amount was reduced considering the appellant's age, lack of wrongful intent, and the option for redemption was granted by paying a fine. Despite the acknowledgment of the appellant's lack of wrongful intent, the confiscation was upheld due to established contraventions, but converted into a redemption option based on the circumstances. en-us Wed, 24 Dec 2003 00:00:00 +0530 Tue, 05 Oct 2010 18:15:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52438 The appellant was found in possession of Indian Currency exceeding the permissible limit for export, justifying confiscation under the Customs Act, 1962. The excess amount was considered prohibited goods, leading to absolute confiscation. The penalty amount was reduced considering the appellant's age, lack of wrongful intent, and the option for redemption was granted by paying a fine. Despite the acknowledgment of the appellant's lack of wrongful intent, the confiscation was upheld due to established contraventions, but converted into a redemption option based on the circumstances. Case-Laws Customs Wed, 24 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52438