2008 (2) TMI 258 - HC - Customs

Revisional authority held that it can be a case of non declaration of currency and under these circumstances, reduced the redemption fine to 2 lac from 7 lac & penalty to 1 lac from 3 lac - From the record, it appears that the amount of currency involved was less than 5000 US dollars - no dispute that the petitioner could have brought in 5000. Dollars - not a fit case to interfere with the discretion exercised by the Revisional authority revenue s petition is dismissed

Summary

The High Court of Bombay reduced the redemption fine and personal penalty imposed on the petitioner in a revision case. The amount of currency involved was less than 5000 US dollars. The court upheld the Revisional Authority's decision, stating that the petitioner failed to make the declaration, and rejected the petition.