https://www.taxtmi.com/caselaws?id=125500 The tribunal dismissed the application for waiver of the penalty amount of Rs. 21 lakhs imposed on the applicant for attempting to carry foreign currencies concealed in capsules and a trouser pocket while boarding a flight to Muscat. Despite the applicant's claim of financial hardship, the tribunal found the evidence supporting this claim questionable, considering the frequent foreign travels disclosed in the passport. The tribunal emphasized that the penalty imposition was based on substantial evidence and directed the applicant to deposit the entire sum within 12 weeks from the judgment date. Compliance was required by a specified date. en-us Fri, 12 Jun 2009 00:00:00 +0530 Thu, 25 Oct 2012 17:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125500 The tribunal dismissed the application for waiver of the penalty amount of Rs. 21 lakhs imposed on the applicant for attempting to carry foreign currencies concealed in capsules and a trouser pocket while boarding a flight to Muscat. Despite the applicant's claim of financial hardship, the tribunal found the evidence supporting this claim questionable, considering the frequent foreign travels disclosed in the passport. The tribunal emphasized that the penalty imposition was based on substantial evidence and directed the applicant to deposit the entire sum within 12 weeks from the judgment date. Compliance was required by a specified date. Case-Laws Central Excise Fri, 12 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125500