9911796707
|
Home
Issues:
1. Appeal against order of confiscation of foreign currency and penalty. 2. Seizure of foreign currency under Foreign Exchange Regulation Act, 1973. 3. Interpretation of Customs Act, 1962 regarding confiscation and penalty imposition. Issue 1: Appeal against order of confiscation of foreign currency and penalty The case involves an appeal by the revenue against an order passed by the Commissioner of Customs for the absolute confiscation of foreign currency seized from a passenger, along with the imposition of a redemption fine and penalty. The Commissioner had ordered the confiscation under various sections of the Customs Act, 1962, and imposed fines. The revenue was dissatisfied with this decision and filed an appeal. Issue 2: Seizure of foreign currency under Foreign Exchange Regulation Act, 1973 The passenger in question, holding a Madagascar passport, was intercepted by officers after clearing immigration and customs on his departure to Singapore. The authorities recovered a significant amount of foreign currency from the passenger, both in the form of US dollars and other currencies, which they seized under the Foreign Exchange Regulation Act, 1973. The belief was that the currency was being smuggled out of India since the passenger had not declared it upon arrival in India. Issue 3: Interpretation of Customs Act, 1962 regarding confiscation and penalty imposition The adjudicating authority found that the passenger had only committed a technical lapse by not declaring the currency and obtaining the necessary certificates from Customs authorities. The passenger argued that it was a minor oversight and that he should be allowed to retain the currency since he had brought it into India legally. The authority, considering that the currency was not illegally acquired in India, took a lenient view and ordered its release upon the payment of a redemption fine. The appellate tribunal upheld this decision, stating that the impugned order was reasoned and justifiable in law, with the redemption fine and penalty serving as adequate measures to address the offense committed and ensure justice was served. Consequently, the revenue's appeal for absolute confiscation was dismissed. This comprehensive analysis covers the issues of appeal against the confiscation of foreign currency and penalty, the seizure of currency under the Foreign Exchange Regulation Act, 1973, and the interpretation of the Customs Act, 1962 regarding confiscation and penalty imposition. The judgment highlights the legal proceedings and decisions made in the case, emphasizing the reasoning behind the authorities' actions and the tribunal's final ruling in dismissing the revenue's appeal.
|
