2007 (2) TMI 494

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..... er]. Heard both sides. The Appellant hailing from Ranchi is a small income-tax assessee who trades in agricultural implements. He had obtained a fresh passport and for the first time was travelling to Muscat to visit his friend on 20-3-2006. He had Indian currency amounting to Rs. 96,500/-. The ld. Advocate appearing for the Appellant states that being unaware of the FEMA regulations, he did .....

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..... the sides and perusal of case records, I find this is a case of a passenger travelling abroad for the first time. He could have easily converted the currency carried by him in to US Dollars had he been aware of the FEMA regulations. In any case he has made a true and correct declaration to the Customs authorities and he has not carried more than Rs. 5,000/- while travelling abroad, in view of the .....

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