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2009 (12) TMI 654 - GOVERNMENT OF INDIA, MINISTRY OF FINANCERevision Application - Air passenger failed to declare Indian currency that he was carrying while going abroad, currency was absolutely confiscated - applicant has filed revision application before the Revisionary Authority mainly on the grounds that Lower authority ought to have appreciated that the violation was of regulation and rules framed thereunder and absolute confiscation was harsh and excessive - Held that:- Govt. feels that absolute confiscation is very harsh and an option for redemption can be given under Section 125 of the Customs Act, 1962. Accordingly, the confiscated Indian currency equivalent to Indian Rs. 46,500/- is allowed to be redeemed on payment of Redemption Fine of Rs. 15,000/- (Rupees Fifteen Thousand Only ) in lieu of confiscation, under Section 125 of the Customs Act, 1962, personal penalty imposed by the lower authority appears reasonable and there is no ground to reduce, revision application succeeds
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