2008 (10) TMI 314

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..... Order passed by the Commissioner of Customs and Central Excise, Goa, dated 17-7-2008, directing confiscation of the seized foreign currency of 68,000/- pounds equivalent to Indian Rs. 51,68,000/-, is challenged in this Petition. The impugned Order further gives an option to the petitioner to redeem the seized currency in lieu of confiscation, on payment of redemption fine of Rs. 10,00,000/- and p .....

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..... nt provisions dealing with the powers of the Appellate Tribunal and, prima facie, we are of the view that the Appellate Tribunal is possessed of the powers to deal with the grievance of the petitioner voiced in this petition. Hence, at this stage, we are not inclined to entertain the petition as there exists an alternative efficacious remedy in form of appeal under Section 129A of the Customs Act. .....

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