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Customs - Highlights / Catch Notes

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Release of seized Foreign Currency - conversion of Foreign ...


Owner Must Be Notified Before Disposing Seized Foreign Currency; Authority Ordered to Compensate Petitioner in Rupees.

May 18, 2019

Case Laws     Customs     HC

Release of seized Foreign Currency - conversion of Foreign Currency into Indian Currency - Notification dated 14th February 2006 requires notice to be issued to the owner of the goods prior to its disposal, no such notice to petitioner - directed to pay the Indian rupees equivalent by applying the conversion rate as of today

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