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TMI Blog2019 (2) TMI 1728X X X X Extracts X X X X X X X X Extracts X X X X ..... amounts were realised in those proceedings. The penalty imposed upon them, needs to be reduced in the interest of justice - Accordingly, penalty imposed upon Keshav Dev, Prashant Modi, Mukesh Batham are hereby reduced to ₹ 75,000/- each and in the case of Lucky Raikwar the penalty amount is reduced to ₹ 1,00,000/-. The pre-deposits made by each of them, as a requirement of the hear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5081/2019 in CUSAA 70/2019, CM Appl. 5083/2019 in CUSAA 71/2019, CM Appl. 5085/2019 in CUSAA 72/2019, CM Appl. 5087/2019 in CUSAA 73/2019 For the reasons stated in the applications, the delay in filing the refiling the appeals is condoned. The applications are disposed of. CUSAA 70/2019 CM Appl. 5080-81/2019, CUSAA 71/2019 CM Appl. 5082-83/2019, CUSAA 72/2019 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 77; 5,000/-. The proceedings culminated in confiscation of gold and imposition of penalty upon the appellants. The penalty amount of Lucky Raikwar was ₹ 15 lakhs and in the case of others it was ₹ 10 lakhs each. The CESTAT on appeal reduced these to ₹ 12 lakhs in the case of Lucky Raikwar and to ₹ 7 lakhs each in the case of others. 4. We have heard Learned Counsel ..... X X X X Extracts X X X X X X X X Extracts X X X X
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