During demonitization, my cousin from Canada requested me to exchange his Demonitized currency. He subsequently via courier parcelled me Rs. 9,000. The envelope was confiscated by customs and i was issued a show cause notice. I visit Canada regularly and have a valid visa. Kindly suggest the best defence possible which i can take in my reply?
1. I deny that i was aware about the contents, and i let go the cash or,
2. I admit since its just Rs. 9,000 (Below Rs. 25,000 limit) and being a senior citizen and law abiding citizen kindly pardon me,
3. I admit and and ask them to levy a fine?
Any other suggestion/defence i can take in my reply