Home Case Index All Cases Customs Customs + HC Customs - 2015 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (1) TMI 1171 - BOMBAY HIGH COURTWaiver of pre deposit - Held that:- CESTAT failed to take into consideration the fact that a sum of ₹ 38,30,000/- was paid by the appellant during the course of investigation, has some merit. The CESTAT ought to have considered that the demand of differential duty of ₹ 65,53,233/- in respect of 48 bills of entry and further differential duty demand in respect of two other bills of entry, is thus secured at least substantially. - CESTAT can be modified with a direction that the appellant need not deposit anything over and above the amount already paid to the Department, but to secure the balance sum the appellant shall furnish a bank guarantee of any nationalized bank and which bank guarantee shall be of ₹ 29 lacs - Decided partly in favour of assessee.
|