2007 (2) TMI 47

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..... l Order No. A/137/KOL/2007 - Dated:- 20-2-2007 - [Order per] - Heard both sides. This is a case where the appellant was carrying Indian Currency of Rs. 1,50,000/- (Rupees one lakh fifty thousand) while going by AIR to Bhutan. The currency was not allowed to be taken out of India, after the Customs Officials intercepted the passengers. The learned Advocate appearing for the appellant states that .....

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..... cated, on payment of redemption fine of Rs. 15,000/- Rupees fifteen thousand) only. 3. As regards penalty, I find that only a token penalty of Rs. 5,000/- Rupees five thousand) has been imposed, which does not require any interference, since violation of FEMA provisions has been established. 4. By allowing redemption of currency as indicated above, the appeal is partly allowed. (Pronounc .....

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