https://www.taxtmi.com/caselaws?id=54906 The appellate tribunal upheld the confiscation of gold bars and coins but allowed redemption upon payment of fines. Redemption of foreign and Indian currencies was also permitted upon payment of specified fines. The penalty imposed under Section 112 of the Customs Act was deemed reasonable. The impugned order was modified to allow redemption of confiscated items upon payment of fines, and the penalty on the appellant was upheld as reasonable. en-us Fri, 12 Aug 2005 00:00:00 +0530 Fri, 22 Oct 2010 16:39:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54906 The appellate tribunal upheld the confiscation of gold bars and coins but allowed redemption upon payment of fines. Redemption of foreign and Indian currencies was also permitted upon payment of specified fines. The penalty imposed under Section 112 of the Customs Act was deemed reasonable. The impugned order was modified to allow redemption of confiscated items upon payment of fines, and the penalty on the appellant was upheld as reasonable. Case-Laws Customs Fri, 12 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54906