2014 (4) TMI 233

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..... T Per: Ashok Jindal: The appellant is in appeal against the impugned order wherein the Indian Currency smuggled outside India was seized and absolutely confiscated and penalty on the appellant to the tune of Rs.2 lakhs was imposed. 2. The brief facts of the case are that on intelligence the appellant was intercepted at the Sahara Airport on 08.12.2004 and during the search, Indian currency of R .....

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..... urrency is allowed to be redeemed on payment of fine and penalty. 4. On the other hand, the ld. AR opposed the contention of the counsel and submits that in that case of Harish Muljimal Gandhi 2013 (294) ELT 470 wherein the appellant attempted to export Indian currency to the tune of Rs.24.8 lakhs illegally outside India, in that case this Tribunal held that the absolute confiscation is correct. .....

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