2009 (4) TMI 687

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..... s been made out - The prayer of the respondents in the cross-objection for reduction of the quantum of both fine and penalty finds favour with us, as it was only a procedural lapse on the part of the respondent not to have obtained a valid Reserve Bank of India permit to take Indian Currency outside India. - C/406/2008 - 390/2009 - Dated:- 2-4-2009 - Ms. Jyoti Balasundaram, Shri P. Karthikeyan .....

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..... 3. The Commissioner has confiscated Rs. 50 lakhs Indian Currency from the respondent who was a Haj pilgrim, on the ground that he was attempting to take it outside from India without valid permit from the Reserve Bank of India and levied a fine of Rs. 10 lakhs and imposed a penalty of Rs. Three lakhs. Since the violation by the respondent passenger is procedural in nature, the prayer of the revenu .....

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