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2010 (12) TMI 1023 - CGOVT - CustomsRevision Application - seizure of foreign currency - applicant deposited the personal penalty and requested to release the foreign currency after deducting the redemption fine - release of foreign currency was denied treating the application as time barred - Applicant has argued that AC/Dy. Commissioner of Customs (Refunds), C.S.I. Airport, Mumbai in his order-in-original No. DC/Ref/62/R/2010, dated 28-10-2010 has allowed refund after adjusting redemption fine amount. In the instant case also, he should have adjusted the redemption fine amount by deducting the same from the amount to be refunded - Held that:- Government observes that since there is no time limit specified by Commissioner of Customs in his order-in-original for redemption of currency, the said option is still exercisable. The impugned orders are set aside and Assistant Commissioner (Refund) is directed to allow release of equivalent amount of foreign currency in Indian rupees after adjusting the amount of redemption fine from said refundable amount, revision application is disposed off
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