sale proceeds of smuggled foreign currency.
(b) the foreign currency obtained from the said Indian Currency is
also smuggled.
REFRAMED QUESTION ... clearly spelt out that
the smuggled foreign currency obtained was converted into Indian currency.
That the foreign currency obtained from respondent by the representatives
currency notes were necessary for acquiring the gold. The carriage of currency notes across the border was an essential part of the smuggling operation ... admittedly not a smuggler and not carrying any illegal business of smuggling, that smuggling was not the business of assessee and therefore
selling the foreign
currency the assessee had any knowledge that the said foreign currency
was ultimately going to be smuggled out of India and that ... smuggled goods (foreign
currencies) nor the assessee had any knowledge that the foreign
currencies are going to be smuggled out of India, the question
selling the foreign
currency the assessee had any knowledge that the said foreign currency
was ultimately going to be smuggled out of India and that ... smuggled goods (foreign
currencies) nor the assessee had any knowledge that the foreign
currencies are going to be smuggled out of India, the question
detenu admitted of being
booked in similar cases of foreign currency smuggling during the
years 2007 and 2009. Thereafter, a reference is made ... competent Authority, then, the apprehension that
the detenu would smuggle the currency out of India is to a certain
::: Uploaded on - 10/07/2015 ::: Downloaded
Indian currency. The
currency was recovered under a panchnama and it was alleged
that it was an attempt to smuggle the said currency ... some other person. He
admitted that he had transpired to smuggle foreign currencies out
of India and the ticket and visa for himself
Respondents that the seized currency did not belong to the Respondents and that the said currency represented sale proceeds of smuggled gold and silver which ... confiscation and releasing the confiscated currency to the Respondents, even though the said currency represented the sale proceeds of smuggled Gold/Silver and admittedly
Petitioner/Revenue that
the Respondent No.1 was involved in smuggling foreign currency of
US Dollars 40,000 equivalent to Indian ... currency declaration form to support the Respondent No.1 for
smuggling the said foreign currency. He further submitted that the
currency declaration form was never
currency paper. It was also
opined that the perfection of window and watermark formation
indicates the manufacture of counterfeit currency paper on regular
currency making ... Indian currency" means the
counterfeit currency as may be declared after examination by
an authorised or notified forensic authority that such currency
imitates
entire modus operandi to smuggle the foreign currency under seizure, out of India, was amounting to an offence and that they were aware ... real name is Anil Chawla; that he was aware that smuggling out foreign currency was an offence. He identified Hero and vice versa and both
