2003 (5) TMI 541

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..... and Shri T.K. Gadoo for the respondent. The appellant P.M. Shahul Hameed has been held guilty for contravention of sections 8(1) and 8(2), read with section 64(2) of FERA, 1973 and ordered to pay penalty of Rs. 55,000 coupled with confiscation of Rs. 3,56,000. Indian currency from the appellant by the Custom Authorities along with foreign exchange from the appellant on 15-7-1993. The appellant in .....

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..... urrencies were seized from person of the appellant. It is well proved that appellant was dealing in foreign exchange. The learned Counsel for the respondent submitted that there was no justification to explain the possession of money. In view of the fact the officers of the Enforcement did not ask the appellant as to what happened to the remaining amount out of Rs. 5,39,015 which was collected by .....

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