https://www.taxtmi.com/caselaws?id=54405 The successors were allowed to be impleaded in the appeal after the original appellant's death, ensuring continuity. The appeal contested the confiscation of US$55,500 equivalent foreign currency, arguing it was for technology purchase and within legal limits. The Tribunal found absolute confiscation unjustified due to legal passenger limits and suspicions of illegal transactions. The penalty was reduced to Rs. 1 lakh, with the appellant allowed to redeem the confiscated amount on payment of Rs. 2 lakh, considering permissible limits and lack of necessity for severe penalties. Consequential relief was granted to the appellant. en-us Tue, 26 Apr 2005 00:00:00 +0530 Tue, 19 Oct 2010 18:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54405 The successors were allowed to be impleaded in the appeal after the original appellant's death, ensuring continuity. The appeal contested the confiscation of US$55,500 equivalent foreign currency, arguing it was for technology purchase and within legal limits. The Tribunal found absolute confiscation unjustified due to legal passenger limits and suspicions of illegal transactions. The penalty was reduced to Rs. 1 lakh, with the appellant allowed to redeem the confiscated amount on payment of Rs. 2 lakh, considering permissible limits and lack of necessity for severe penalties. Consequential relief was granted to the appellant. Case-Laws Customs Tue, 26 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54405