TaxTMI 
TaxTMI 
2014 (4) TMI 584
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....GEMENT Per: P R Chandrasekharan: The appeals and stay petitions are directed against Order-in-Original No. COMMR/PMG/ADJN/01/2011-12 dated 22/07/2011 passed by the Commissioner of Customs, Chhatrapati Shivaji International Airport, Mumbai. 2. Vide the impugned order the learned adjudicating authority has confiscated foreign currency equivalent to Rs. 1,25,22,780/- attempted to be smuggled out o....
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....ing all the contentions raised. 3. The learned counsel for Smt. & Shri Rajendra Bhutada submits that the currency was seized sometime in 2006 and more than 8 years have passed since then and the currency is lying with the department. Inasmuch as the currency is lying with the department he prays for grant of stay against the penalties imposed on the appellants and relied on the decision of the ho....
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....garam Hole, this is not the first time the offence has been committed and similar transactions were undertaken previously also and, therefore, the appellants should be put to terms. 5. Considering the fact that the foreign currency equivalent to Rs. 1.25 crore seized on 08/01/2006 is with the department and thus, interest of the Revenue is secured and also taking note of the decision of the hon&#....