https://www.taxtmi.com/caselaws?id=91720 Retraction of confessional statements at the earliest opportunity required corroboration in material particulars, but the record contained a signed gold purchase receipt and recovery of a concealed waist band that supported the statements on material points. The explanation for the currency lacked documentary proof of importation into India, so no prima facie case was shown for complete waiver of pre-deposit or stay of recovery of penalties under the Customs Act. Considering the applicant's financial position, only partial waiver was granted subject to deposit of specified amounts, and recovery of the balance was stayed. en-us Thu, 07 Jan 1999 00:00:00 +0530 Thu, 20 Oct 2011 14:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91720 Retraction of confessional statements at the earliest opportunity required corroboration in material particulars, but the record contained a signed gold purchase receipt and recovery of a concealed waist band that supported the statements on material points. The explanation for the currency lacked documentary proof of importation into India, so no prima facie case was shown for complete waiver of pre-deposit or stay of recovery of penalties under the Customs Act. Considering the applicant's financial position, only partial waiver was granted subject to deposit of specified amounts, and recovery of the balance was stayed. Case-Laws Customs Thu, 07 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91720