Tribunal Rules Respondent Not Beneficial Owner of Seized Foreign Currency in Smuggling Case.

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....Smuggling - seizure of foreign currency - Beneficial owner of the currency - The proceedings emanating from the SCN in question stood restricted to the business travel of the respondent while acting as a Managing Director of HMC. - Tribunal has rightly come to the conclusion that the respondent could not be held to be the beneficial owner of the seized currency. - HC....