https://www.taxtmi.com/caselaws?id=124965 The Tribunal upheld the penalty for aiding and abetting export of foreign currency based on confessional statements retracted before the Magistrate. The applicants failed to establish a prima facie case for complete waiver of pre-deposit. Considering the applicants' low financial condition, the Tribunal directed them to deposit a reduced sum towards the penalty and granted a waiver for the balance amount, staying the recovery pending appeal disposal. The Tribunal balanced financial circumstances with penalty enforcement, ensuring a fair resolution while upholding the penalty imposition based on the confessional statements. Compliance with the payment directive was required by a specified date. en-us Fri, 19 Sep 2008 00:00:00 +0530 Wed, 17 Oct 2012 16:04:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124965 The Tribunal upheld the penalty for aiding and abetting export of foreign currency based on confessional statements retracted before the Magistrate. The applicants failed to establish a prima facie case for complete waiver of pre-deposit. Considering the applicants' low financial condition, the Tribunal directed them to deposit a reduced sum towards the penalty and granted a waiver for the balance amount, staying the recovery pending appeal disposal. The Tribunal balanced financial circumstances with penalty enforcement, ensuring a fair resolution while upholding the penalty imposition based on the confessional statements. Compliance with the payment directive was required by a specified date. Case-Laws Customs Fri, 19 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124965