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2014 (4) TMI 584 - AT - CustomsConfiscation of foreign currency - Attempt to smuggle - Held that:- Foreign currency equivalent to Rs. 1.25 crore seized on 08/01/2006 is with the department and thus, interest of the Revenue is secured and also taking note of the decision of the hon'ble apex Court in the case of Bhavya Apparels Pvt. Ltd. (2007 (9) TMI 274 - SUPREME COURT OF INDIA), we are of the considered view that the appellants have made out a prima facie case for grant of stay. Accordingly, we grant unconditional waiver from pre-deposit of the penalties adjudged against the appellants and stay recovery thereof during the pendency of the appeals - Decided in favour of assessee.
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