COLLECTOR OF CUSTOMS, COLLECTORATE OF CUSTOMS, RAWALPINDI versus KHUD-E-NOOR
Sections 2 (5) and 156 (1) (8) out of the Economic Reform Act (XII of 1992), Section 2 (B) and 4 Foreign Exchange Regulation Act (VII of 1947), Section 2 (a) Foreign Exchange, Illegal Occupation of Foreign Exchange With the accused sentenced by the trial court for smuggling illegal currency outside Pakistan, the High Court allowed his appeal and he was acquitted by the authorities. That were involved in the illegal possession of illegal currency. Not purchased from any authorized dealer, thus failing to meet the requirements of Sections 2 (b) and 4 of the Protection of Economic Reform Act, 1992, the accuracy prosecution presented compelling evidence to prove the accused. Because it was found that they were found smuggling out of the foreign currency country. Although pursuant to section 2 (5) read with section 156 (1) (8) of the Customs Act, 1969, it is alleged that he purchased the currency from the money changer but was offered by him during the investment. The agent receipt was found to be fraudulent because such defendants were not authorized to transfer US $ 10,000 / US $, if it is proved, subject to the conditions that were purchased from the authorized dealer in view of the state notification. The Bank of Pakistan was accused of failing to meet its burden under Section 167 of the Customs Act, 1969, and therefore, the trial court properly punished them. The High Court decision was set aside and the sentence passed by the trial court was reinstated,
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