https://www.taxtmi.com/caselaws?id=108009 The Tribunal granted waiver of pre-deposit and stayed recovery of the penalty pending appeal because the record showed no prima facie basis to fasten penalty on the applicant. Although the show cause notice alleged three charges, the adjudicating authority had found no evidence of mis-declaration of quantity or value and sustained only the allegation concerning non-receipt of foreign exchange remittance. The Tribunal noted that the applicant was not shown to be connected with the remittance issue, and therefore recovery was stayed while the appeal remained pending. en-us Wed, 24 Sep 2003 00:00:00 +0530 Wed, 28 Mar 2012 13:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108009 The Tribunal granted waiver of pre-deposit and stayed recovery of the penalty pending appeal because the record showed no prima facie basis to fasten penalty on the applicant. Although the show cause notice alleged three charges, the adjudicating authority had found no evidence of mis-declaration of quantity or value and sustained only the allegation concerning non-receipt of foreign exchange remittance. The Tribunal noted that the applicant was not shown to be connected with the remittance issue, and therefore recovery was stayed while the appeal remained pending. Case-Laws Customs Wed, 24 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108009