Bombay High Court Considers FERA Appeals and Connected Writ Petition Involving Confiscation of Foreign Currency Allegedly Attempted to be Smuggled. The Court Examined Whether the Foreign Currency Was Legally Imported and Declared, and Whether the FERA Tribunal Erred in Setting Aside Confiscation and Penalties.
19 Oct 2010The matter concerned a seizure of foreign currency totaling US$403,550 (approximately Rs.1.24 crore) from the checked baggage of Ajit Dodia at Mumbai ...
