1999 (3) TMI 174

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..... [Order per : Gowri Shankar, Member (T)]. Application is for waiver of deposit of Rs. 3.50 lakhs imposed on the applicant following the seizure of foreign currency valued at Rs. 40.76 lakhs approx from him. 2. Advocate for the applicant does not dispute the recovery of the currency from him. He says that he was only a carrier who was paid a meagre amount for this purpose. Among the two s .....

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..... ent of an admission has to be accepted or not is to be determined after examining the relevant factors. It is therefore at this stage not possible to accept that the currency in question did not belong to the applicant. This disproves prima facie his financial hardship. We therefore direct the applicant to deposit Rs. 3.00 lakhs within two months upon which we waive deposit of the balance amount o .....

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