https://www.taxtmi.com/caselaws?id=99326 Waiver of pre-deposit and stay of recovery were granted in appeals against penalty where the finding of knowledge of the smuggled nature of the goods was based only on presumption and assumption, without supporting evidence. The applicants' plea of financial hardship was also taken into account. On that basis, the tribunal waived pre-deposit of the entire penalty amounts and stayed recovery of the penalties during pendency of the appeals. en-us Mon, 27 Nov 2000 00:00:00 +0530 Wed, 25 Jan 2012 18:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99326 Waiver of pre-deposit and stay of recovery were granted in appeals against penalty where the finding of knowledge of the smuggled nature of the goods was based only on presumption and assumption, without supporting evidence. The applicants' plea of financial hardship was also taken into account. On that basis, the tribunal waived pre-deposit of the entire penalty amounts and stayed recovery of the penalties during pendency of the appeals. Case-Laws Customs Mon, 27 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99326