2016 (10) TMI 295

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Sri. John Varghese, SCs and Sri. P. Parameswaran Nair, Asst. Solicitor for the Respondents. JUDGMENT The petitioner is stated to be a Non Resident Indian doing business in Muscat. On 12.05.2006 the petitioner had arrived as a passenger from Muscat and, according to the petitioner, since he was not aware of the monetary limit of foreign currency that could be brought to the Country, he did n....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....US Dollars in terms of Section 113 of the Customs Act, read with the provisions of Foreign Exchange Management Act, 1999. The petitioner was however, allowed to redeem the same on payment of redemption fine of Rs. 3,25,000/-. A penalty of Rs. 1,05,000/- was also imposed on the petitioner. Aggrieved by Ext.P6 order, the petitioner preferred an appeal before the first appellate authority, who upheld....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nsel appearing for the petitioner. 3. On a consideration of the facts and circumstances of the case as also the submissions made across the bar, and on a perusal of Exts.P6, P7 and P9 orders, I find that the finding of the revision authority in Ext.P9 order with regard to the fixing of redemption fine at Rs. 1,70,000/- is one that takes into account the relevant factors to reduce the redemption....