2010 (10) TMI 1146

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....DR ORDER Jyoti Balasundaram (Vice President) For the reasons recorded below, we waive pre-deposit of penalty imposed upon the appellants herein and proceed to decide the appeal itself, with the consent of both sides. 2. The brief facts are that on 02.08.03, DRI officers intercepted the appellant who was bound for Singapore by Singapore Airlines, at the Aerobridge of the International a....

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....how Cause Notice dated 22.11.03 was issued to the appellant and to certain others. The notice was adjudicated by the Commissioner who absolutely confiscated the foreign currencies and imposed a penalty of Rs. 10 lakhs on the appellants. Hence, this appeal. 2. We have heard both sides. We find that the statements on record clearly bring out that the appellant attempted to smuggle the foreign cur....