Home Case Index All Cases Customs Customs + AT Customs - 2014 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (4) TMI 233 - AT - CustomsExport of Indian currency outside India – More than ₹ 5000/- IC - Undeclared for export – Seizure, confiscation and penalty – Held That:- On intelligence the appellant was intercepted at the Sahara Airport on 08.12.2004 and during the search, Indian currency of ₹ 24,17,500/- was found with the appellant which was not declared or not permitted by RBI for export - Thus, the proceedings were initiated against the appellant and the Indian currency was absolutely confiscated and penalty of ₹ 2 lakhs was imposed – In presence of two contrary decisions the matter was referred to the Larger Bench to decide the issue.
|