2002 (5) TMI 617 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Kolkata upheld the confiscation of Bangladesh currency and imposed a reduced personal penalty of Rs. 500 on each appellant instead of Rs. 2,500 due to their financial circumstances. The appellants admitted to carrying the currency but claimed it was given to them by someone else. The tribunal found their retraction of statements made under pressure to be ineffective.