2024 (5) TMI 339 - SCH - Customs

Maintainability Of Appeal - Bar on monetary limit - Evasion of custom duty - HELD THAT - It is stated at the Bar that in terms of the latest Circular dated 02.11.2023 the monetary limit has been enhanced to Rs.2 crores. The appeal would have to be disposed of having regard to the said threshold limit as the amount in dispute in the instant cases is only Rs.1, 28, 73, 481/- (Rupees One Crore Twenty Eight Lakhs Seventy Three thousand Four Hundred and Eighty One Only). In the circumstances the appeals are dismissed owing to low tax effect.

Summary

In the Supreme Court case cited as 2024 (5) TMI 339 - SC Order, the bench comprising Hon'ble Mrs. Justice B. V. Nagarathna and Hon'ble Mr. Justice Augustine George Masih addressed an appeal concerning a monetary dispute. The key legal issue was the applicability of a recent Circular dated 02.11.2023, which raised the monetary threshold for appeals to Rs. 2 crores. The amount in dispute in this case was Rs. 1,28,73,481, which is below the new threshold. Consequently, the court dismissed the appeals due to "low tax effect." Any pending applications related to the case were also disposed of.