1990 (8) TMI 262

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....Respondent. [Order per : T.P. Nambiar, Member (J)]. - Being aggrieved by the orders passed by the learned Collector of Customs and Central Excise (Appeals), Calcutta in Order No. Cal-I-CEX-111/88 dated 8-9-1988 the appellant has preferred this appeal. In terms of the above order, the learned Collector confirmed the imposition of penalty of Rs. 5,000.00 on the appellant. This case pertains to....

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....ve been imported into the country in contravention of Section 13 (1) of the Foreign Exchange Regulation Act, 1973 and the appellant was found in possession of the same. It is admitted that the above currencies were seized from the counter of the shop of the accused. The learned Consultant, Shri K.P. Dey stated that if the currencies were those of the appellant he would not have kept it in such a p....