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of <h1>Appellate Tribunal waives Rs. 2,000 penalty on silver possession appeal. Pre-deposit requirement and recovery stayed.</h1> <h3>RAM SHANKER VERMA Versus COMMISSIONER OF CUSTOMS, AURANGABAD</h3> The Appellate Tribunal CEGAT, New Delhi, waived the penalty of Rs. 2,000 imposed on the appellant for possessing silver of Nepalese origin due to lack of ... Stay/Dispensation of pre-deposit - Penalty The Appellate Tribunal CEGAT, New Delhi, in the case of contravention of Notification 76/65, waived the penalty of Rs. 2,000 imposed on the appellant for possessing silver of Nepalese origin. The Tribunal found no evidence that the silver seized was exported to Nepal from countries other than India. The requirement of pre-deposit of penalty was waived and its recovery stayed during the appeal.
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