https://www.taxtmi.com/highlights?id=105313 Concealed and undeclared foreign currency attempted to be exported without proof of lawful acquisition from authorised channels or authority to export is liable to confiscation; genuineness of the currency does not establish lawful possession or export. Redemption discretion must be exercised judicially by weighing the facts, surrounding circumstances and proportionality, so absolute confiscation may be replaced by redemption on payment of apportioned fines. Penalty liability follows from involvement in attempted illicit export, but quantum must reasonably reflect the proven degree of participation. Where ownership, financing and ultimate benefit are unproved, reduced penalties may be warranted. en-us Fri, 23 Oct 2026 10:58:18 +0530 Fri, 23 Oct 2026 10:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105313 Concealed and undeclared foreign currency attempted to be exported without proof of lawful acquisition from authorised channels or authority to export is liable to confiscation; genuineness of the currency does not establish lawful possession or export. Redemption discretion must be exercised judicially by weighing the facts, surrounding circumstances and proportionality, so absolute confiscation may be replaced by redemption on payment of apportioned fines. Penalty liability follows from involvement in attempted illicit export, but quantum must reasonably reflect the proven degree of participation. Where ownership, financing and ultimate benefit are unproved, reduced penalties may be warranted. Highlights Customs Fri, 23 Oct 2026 10:58:18 +0530 https://www.taxtmi.com/highlights?id=105313