2009 (3) TMI 1046

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..... K.A.K.Mohiddin, JDR ORDER Per Jyoti Balasundaram After hearing both sides on the application for waiver of predeposit of penalty of ₹ 5 lakhs imposed upon the appellant herein, for failure to declare foreign currency worth approximately ₹ 58 lakhs, we found that it was possible to decide the appeal itself at this stage as the prayer of the appellant is only for reduction in quantum .....

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..... rrency seized from the appellant-passenger has been sold and ₹ 56,00,000/- Indian currency has been realized. Out of such sale, the prayer of the appellant for return of the sale proceeds after deducting the fine of ₹ 7,50,000/- and penalty of ₹ 1 lakh, is allowed. 3. The appeal is thus partly allowed as above. ( Dictated and pronounced in open court )
Case laws, Decisions, .....

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