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Gyanchand Jain Versus Commissioner of Customs, Airport, Mumbai

2017 (3) TMI 588 - CESTAT MUMBAI

Absolute confiscation - foreign currency - appellant had not declared that he was carrying foreign exchange - Held that: - No evidence has been placed on record to show that declaration was necessary for carrying of foreign currency by a departing pa .....

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of any prescription requiring declaration of foreign currency taken out of the country, no justification found to sustain the impugned order - appeal allowed - decided in favor of appellant. - C/56/2007 - A/85865/17/SMB - Dated:- 14-2-2017 - Shri C J .....

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t, Mumbai, ordered absolute confiscation of foreign currency consisting of US $ and UAE Dirham equivalent to ₹ 11,11,775/- for having been attempted to be illegally export and imposed a personal penalty of ₹ 1 lakh on Shri Gyanchand Jain, .....

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ment of travellers cheques. 2. Appellant seeks the release of seized foreign currency as well as the setting aside of penalty on the ground that there was no admitted concealment, that the foreign currency had been accumulated by him during various t .....

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Learned Authorised Representative. 4. The original authority has held that the appellant had not declared that he was carrying foreign exchange, that his claim of accumulation of foreign currency over the years was not acceptable in the absence any .....

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