2013 (10) TMI 33

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....R : Ashok Jindal The appellants are in appeals against the impugned order wherein various currencies recovered from them have been confiscated and allowed to be redeemed on payment of redemption fine and penalties against all the appellants have been confirmed. 2. Brief facts of the case are that on 17.12.2007 all the three appellants were about to board flight for Bangkok. They were interce....

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....s that they were engaged in the activity of smuggling of Indian currency as well as foreign currency. Therefore, currency found in their custody was proposed to be confiscated and accordingly proceedings were initiated. Adjudication order was passed and it was held that as the appellants were involved in illicit smuggling of the currencies, therefore, the currencies found with them were confiscate....

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....ottling plant at Bangkok. Therefore, as held by this Tribunal that in such a case a person is eligible to carry USD 25,000/- with him, therefore, the amount in excess to US $25000 can be confiscated if USD 25000 each is allowed then the redemption fine and penalties imposed on the appellants are at higher side. Therefore, he prayed that redemption fine and penalties should be reduced as per the de....

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....h of the appellants. As Shri Rajesh Narendra Mewawalla was carrying USD 105,800 and Thai Baht 139,070 therefore, considering the quantum, we impose redemption fine of Rs.6 lakhs (Rupees Six lakhs) and reduced penalty to Rs. 3 lakhs (Rupees Three lakhs) on Shri Rajesh N. Mewawall under sec. 114(i) of the Customs Act, 1962. With regard to Shri Arun Ramlal Sura who was carrying USD 40,000/- and Briti....