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of <h1>Delhi High Court Upholds CESTAT Decision: Foreign Currency Not Personal Property, Clarifies 'Beneficial Owner' Under Customs Act.</h1> The Delhi High Court reviewed an appeal by the Commissioner of Customs against a CESTAT decision favoring the respondent regarding the seizure of foreign currency from an employee's hand-baggage. The case focused on the interpretation of 'goods', 'baggage', and 'beneficial owner' under the Customs Act, 1962. The Court found that CESTAT had jurisdiction and that the respondent was not the 'beneficial owner' of the currency, which was managed by a company for business purposes. The appeal was dismissed, emphasizing the importance of aligning legal interpretations with factual evidence and distinguishing between personal and official capacities.
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