2007 (2) TMI 47

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....y of Rs. 1,50,000/- (Rupees one lakh fifty thousand) while going by AIR to Bhutan. The currency was not allowed to be taken out of India, after the Customs Officials intercepted the passengers. The learned Advocate appearing for the appellant states that the appellant was not aware of the regulations under FEMA, but he had made a truthful declaration about the possession of the currency at the tim....