Owner Must Be Notified Before Disposing Seized Foreign Currency; Authority Ordered to Compensate Petitioner in Rupees.

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Full Text of the Document

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....Release of seized Foreign Currency - conversion of Foreign Currency into Indian Currency - Notification dated 14th February 2006 requires notice to be issued to the owner of the goods prior to its disposal, no such notice to petitioner - directed to pay the Indian rupees equivalent by applying the conversion rate as of today....