2017 (4) TMI 139

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....al of the Revenue was listed for directions. With the consent of the Revenue's counsel, we have taken it for final hearing. On the last occasion and today, we have heard the counsel at some length and with her assistance, we have perused the appeal, including the impugned order. 2. The appeal was admitted on the three substantial questions of law, which have been framed on 14th June, 2007.....

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....ment Act, 1999 read with Section 11(1) of the Customs Act, 1962. That was liable for confiscation under the provisions of Section 113(d), (e) and (h) of the Customs Act, 1962. The order-in-original directed confiscation of this currency without any option for redemption and also imposed penalty of Rs. 3,00,000/- each on these two persons. Being aggrieved and dissatisfied, they filed an appeal befo....

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.... also relied upon its own order passed in the case of Pankaj Jagda - 2004 (171) E.L.T. 125 (Tri.-Mum.). 6. We do not find any merit in the learned counsel's argument that the course adopted by the Tribunal was impermissible. The definition of the term "goods" includes currency and negotiable instruments [see Section 2(22)(d)]. When the power of redemption is exercised, what the law postula....