2009 (7) TMI 1065

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..... er (Appeals) upholding the order of absolute confiscation by the original authority of a sum of Rs. 2,90,000/- stated to be sale proceeds of goats in Nepal brought by four persons and imposition of penalty on Shri Wahab Khan who is the owner of goats and consequently owner of the currency. 2. Heard both sides. 3. It is admitted that the recovery of cash of Rs. 2,90,000/- was made in the year 1 .....

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..... me are liable for confiscation under Section 120(1) of the Customs Act. He submits that the confiscation of the currency has rendered his client a pauper. He seeks setting aside the order of confiscation of the currency and setting aside the penalty. 5. Learned SDR submits that bringing in of Indian Currency in such a large quantity in the year 1994 is clearly unauthorised and it is a case of sm .....

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..... ever, I hold that this is a case where option of redemption may be warranted. In view of the above, while upholding the confiscation, I allow redemption of the confiscated currency on payment of fine of Rs. 50,000/- (Rupees Fifty thousand only). 7. The penalty is reduced to Rs. 10,000/- (Rupees Ten thousand only). After adjusting the amount of redemption fine and penalty sustained, the balance a .....

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