2016 (4) TMI 1283 - HC - Customs

Pre-deposit - 1% of penalty - petitioner pointed out that in another proceedings arising out of the same chain of transactions, where, Tribunal had required the petitioner to deposit ₹ 1 lac by way of pre-deposit looking to his status as an employee - Held that - looking to his position as an employee, we modify the pre-deposit requirement to ₹ 5 lacs which shall be done latest by 30-6-2016 upon which the remaining demand shall remain stayed - petition allowed in part.

Summary

The Gujarat High Court modified the pre-deposit requirement for a petitioner challenging a penalty order, reducing it to Rs. 5 lakhs from Rs. 10 crores based on the petitioner's status as an employee. The Tribunal's previous order was set aside, and the petitioner's appeal will be heard on merits.