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2015 (9) TMI 509 - MADRAS HIGH COURTImposition of Pre-deposit – Rejection of Waiver – Whether Tribunal was justified in directing Appellant to deposit amount as pre-deposit when appellant’s goods were still lying under control of Revenue and rejecting total waiver of pre-deposit – Held that:- Authority rejected value declared in bill of entry and re-determined value under Section 28(4) of Customs Act, 1962 – Goods valued at ₹ 33.5 lakhs were directed to be confiscated and allowed to be redeemed on payment of redemption fine – Taking into consideration fact that appellant had already paid sum and appellant undertook not to clear goods till disposal of appeal, it was appropriate to direct deposit further sum of ₹ 50,000/- instead of ₹ 2,00,000/- as directed by Tribunal – Decided partly in favour of Assesse.
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