2013 (7) TMI 888 - HC - Central Excise

Waiver of pre deposit - Misdeclaration of goods - Held that - no error in the discretion exercised by the Tribunal. The appellant has been fasted with a liability of ₹ 50 lacs but the Tribunal has in the exercise of its discretion reduced the amount to be deposited as pre-deposit to ₹ 10 lacs. In the absence of any error of jurisdiction or of law, we find reason to interfere - Decided in favour of assessee.

Summary

The High Court upheld the Customs Tribunal's decision, requiring the appellant to deposit a penalty of Rs. 10 lakhs before hearing the appeal. The Tribunal reduced the initial liability of Rs. 50 lakhs to Rs. 10 lakhs, and the Court found no errors in the Tribunal's discretion. The appeal was dismissed.