Iii) I order confiscation of the "Four gold bangles weighing 174 gms having purity 999 and valued at Rs. 9,51,469.41/-" recovered from the Pax Mr. Rajesh Polavarapu and detained vide DR No. DR/INDEL4/02-10-2023/002747 dt.02-10-2023 under section 111(d), 111(j) and 111(m) of the Customs Act, 1962; iv) I give an option to redeem , the goods confiscated, above, on payment of fine of Rs . 1,20,000/-(Rupees One Lac Twenty Thousand Only) under Section 125 of the Customs Act, 1962 and allow the same for re-export from India only by the Pax since the Pax possesses a valid USA Passport No. 582389427 . I allow redemption of the detained goods within 120 days of issue of this order under Section 125(3) of the Customs Act, 1962). The redemption is allowed after the completion of legal formalities in this regard and also on fulfillment of any regulatory clearances/ approvals/ payments, as required. The offer of redemption, if accepted, shall be subject to condition that the Passenger shall not dispute the identity and valuation of the goods. The offer of redemption shall cease after 120 days of the receipt of this order. v) I also impose a penalty of Rs.95,000/-(Rupees Ninety Five Thousand Only) on the Pax Ms. Rajesh Polavarapu under section 112 (a) and 112(b) of the Customs Act, 1962.”
