https://www.taxtmi.com/caselaws?id=797451 Redemption of confiscated foreign currency under Section 125 of the Customs Act is discretionary where the currency was exported without declaration or required permission and may be treated as prohibited goods. That discretion must be exercised judiciously on the facts, rather than refused mechanically because the goods are prohibited. Relevant considerations include the absence of earlier Customs Act violations, payment of penalty, the statutory limit on redemption fine, and consistency with comparable cases. Refusal of redemption was set aside, requiring release of the currency upon payment of a redemption fine determined under Section 125. en-us Thu, 23 Jul 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797451 Redemption of confiscated foreign currency under Section 125 of the Customs Act is discretionary where the currency was exported without declaration or required permission and may be treated as prohibited goods. That discretion must be exercised judiciously on the facts, rather than refused mechanically because the goods are prohibited. Relevant considerations include the absence of earlier Customs Act violations, payment of penalty, the statutory limit on redemption fine, and consistency with comparable cases. Refusal of redemption was set aside, requiring release of the currency upon payment of a redemption fine determined under Section 125. Case-Laws Customs Thu, 23 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797451