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2016 (10) TMI 295 - KERALA HIGH COURTConfiscation of Foreign currency u/s 113 of the Customs Act, read with the provisions of Foreign Exchange Management Act, 1999 - imposition of redemption fine of ₹ 1,70,000/- and penalty of ₹ 1,20,000/- - US Dollars - Oman Riyals - whether the quantum of redemption fine and penalty imposed justified? - Held that: - redemption fine of ₹ 1,70,000/- is imposed, as contained in Ext.P9 order, but the personal penalty imposed shall stand reduced to ₹ 50,000/-. The excess amount, if any paid by the petitioner pursuant to the orders impugned in the writ petition, shall be refunded to the petitioner within a period of two months - petition disposed off - decided partly in favor of petitioner.
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