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2010 (9) TMI 470 - BOMBAY HIGH COURTPenalty - foreign currency seized – foreign currency found in possession of Respondent while checked about the rates of foreign exchange with the said shop-keeper where search operation was in progress – Held that: - preparation or intention to commit an offence cannot be equated with the commission of the offence itself - Appellant had made inquiries about the price of foreign currency but not progressed further as he had been accosted by the officers of the Directorate - no merit in the Appeal - accordingly dismissed
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