2011 (3) TMI 845

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....enue is in appeal against judgement of the tribunal dated 30-10-2009 raising following questions : "(A) Whether the Hon'ble CESTAT is competent to relax the statutory prohibition imposed by the Government of India regarding import of Indian currency in excess of Rs. 5,000/- per person while entering into India as per Notification No. FEMA 6/RB -2000 dated 3-5-2000 of the Reserve Bank of Indi....

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....he issue in appeal before the Tribunal. Tribunal by impugned order reduced the fine in lieu of confiscation of Rs. 10,000/- and penalty of Rs. 1000/- observing that appellant had declared the currency and that therefore, lenient view should be taken. Tribunal relied on other decisions to suggest that even otherwise absolute confiscation was not warranted. 3. Having perused the orders on reco....