https://www.taxtmi.com/caselaws?id=120323 The Tribunal granted the waiver of pre-deposit of penalty to both appellants, Full-fledged Money Changers, under Section 114(i) of the Customs Act, 1962, for their alleged involvement in abetting smuggling of foreign currency. The decision was based on a prima facie assessment that revealed discrepancies in the Commissioner's findings regarding the issuance of travellers cheques. The Tribunal found that the appellants had a valid case for the waiver and stayed the recovery pending appeals, emphasizing the importance of due verification of identities in such transactions. en-us Mon, 06 Nov 2006 00:00:00 +0530 Wed, 18 Jul 2012 14:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120323 The Tribunal granted the waiver of pre-deposit of penalty to both appellants, Full-fledged Money Changers, under Section 114(i) of the Customs Act, 1962, for their alleged involvement in abetting smuggling of foreign currency. The decision was based on a prima facie assessment that revealed discrepancies in the Commissioner's findings regarding the issuance of travellers cheques. The Tribunal found that the appellants had a valid case for the waiver and stayed the recovery pending appeals, emphasizing the importance of due verification of identities in such transactions. Case-Laws Customs Mon, 06 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120323