1998 (11) TMI 328

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..... o, SDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. Applications are for waiver of deposit of penalty of Rs. 10 lakhs imposed on Ibrahim Osman Jasraya (application 1695) and Rs. 30,000/- on Osman Jusab Jasraya (application 1696). 2. The Commissioner had found that Ibrahim Osman Jasraya was concerned with the smuggling of 150 gold biscuits valued at Rs. 75 lakhs which w .....

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..... that he produced package of these materials. The absence of serial number on this package does not establish that he smuggled these goods. 4. We, therefore, dispense with the deposit of penalty imposed on Osman Jusab Jasraya and direct Ibrahim Osman Jasraya to deposit within two months by instalment if necessary, Rs. 2 lakhs. Upon such deposit we waive deposit of remaining amount of penalty and .....

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